JSE Sens

GO LIFE INTERNATIONAL LIMITED - Change to the Board of Directors, the Restructuring of Management and Business Focus going forward

09 October 2019 - 15:00 PM
GLI
Change to the Board of Directors, the Restructuring of Management and Business Focus going forward

GO LIFE INTERNATIONAL LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 098177 C1/GBL)
SEM share code: GOLI.N0000
JSE share code: GLI ISIN: MU0330N00004
(the Company or Go Life International or GLI or the Group)


ANNOUNCEMENT IN RESPECT OF CHANGES TO THE BOARD OF DIRECTORS, THE RESTRUCTURING OF
MANAGEMENT AND THE BUSINESS FOCUS GOING FORWARD


This announcement is intended to inform the shareholders of Go Life International as to changes to the
board, the restructuring of management and the refocus of the Companys business strategy.

Mr Gerhard Naude has stepped down as the Group Chief Executive Officer, effective from 10 October
2019. Mr Naude will forthwith serve the GLI board in his capacity as Key Group Advisor. He will also chair
the GLI boards strategic business direction division. The main reason for the departure of Mr Naude from
the group CEO seat, is to direct his attention to the intended listing of the medicinal cannabis SPV, Go
Canna Africa (GCA), on another stock exchange in due course.

GCA will be re-incorporated into the larger GLI structure once the legalities are settled with medicinal
cannabis in Mauritius.

Mr Mxolisi Motau is welcomed as the new Group CEO of GLI. The effective date for his appointment is 10
October 2019. Mr Motau holds an MBA (GIBS) and a B Com (Wits) and has in excess of 14 years of
experience in financial services and consulting. He has been a businessman for more than 7 years, having
participated in several consulting companies, including a specialist forensic auditing company. Mr Motau
will announce his operational board as soon as the statutory formalities have been completed.

A renewed focus on the core business of GLI necessitated the strategic aligning of some divisions in the
Group. To this end, the property division of Bon Healthcare is to be moved into a subsidiary SPV. Section 4
of the agreement guiding the transaction between GLI and Bon Health (entered on 27 May 2015) is now
activated, which allows for the re-application of the listing of the GLI shares held by Bon Healthcare. A
more detailed announcement will follow, after the regulatory requirements have been completed. The
shares are now to be redeployed in funding the Go Life Medi-Tech and Go Life Bio-Tech divisions, which
are core to the GLI business.

Go Life Medi-Tech has advanced in the implementation of a switch that will greatly support the national
health insurance initiative in South Africa and other African countries. The switch is designed to host
payment between doctors and medical insurance as well as personal health management initiatives.

Go Life International has its primary listing on the Stock Exchange Mauritius and a secondary listing on the
AltX of the JSE.

By order of the Board
09 October 2019

Executive Directors:                                         Non-Executive Directors:
Mxolisi Motau                                                Mohamed Yusuf Sooklall
Marthinus Johannes Wolmarans                                 Jean Daniel Laurent Paulin Marie

JSE Sponsor:
Arbor Capital Sponsors Proprietary Limited

Date: 09/10/2019 03:00:00
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