Ninety One plc                                                                                                         Ninety One Limited                                                                         

Incorporated in England and Wales                                                                Incorporated in the Republic of South Africa                                        

Registration number 12245293                                                                         Registration number 2019/526481/06                                

Date of registration: 4 October 2019                                                              Date of registration: 18 October 2019                                                         

LSE share code: N91                                                                                                 JSE share code: NY1                                                                         

JSE share code: N91                                                                                                  ISIN: ZAE000282356

ISIN: GB00BJHPLV88                                                                                             

As part of the dual-listed companies' structure, Ninety One plc and Ninety One Limited (together 'Ninety One') notify both the LSE and the JSE of matters which are required to be disclosed under the FCA Disclosure Guidance and Transparency Rules and Listing Rules and/or the JSE Listings Requirements.

Audit and Risk Committee Retirement and Appointment

In accordance with the FCA Listing Rule 9.6.11 R and JSE Listing Requirement 3.59, Ninety One announces that Idoya Basterrechea Aranda will retire from the Audit and Risk Committee (the 'Committee') effective 31 March 2023.  The Board expresses its thanks to Idoya for her contribution to the Committee's work over the past three and a half years.  Ninety One announces further that Khumo Shuenyane will be appointed to the Committee effective 1 April 2023.

Khumo is a member of the Institute of Chartered Accountants in England and Wales, with a background in corporate finance and investment.  He has served as a non-executive director of Ninety One since 1 August 2021.  Pursuant to the reduction in Investec's shareholding in Ninety One, Khumo is no longer a shareholder representative of Investec.  In light of this, and after careful consideration, the Board now considers Khumo to be an independent non-executive director.  He is therefore able to serve on, and bring his skills and experience to, the Committee.

For enquiries please contact:

Investor relations

Varuni Dharma                                                                    [email protected]                  +44 (0) 203 938 2486

Eva Hatfield                                                                         [email protected]                      +44 (0) 203 938 2908

Date of release:  17 February 2023

JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd