@E€skom MEMORANDUM To Honourable Deputy President of the Republic of South Africa Copy: Honourable Minister of Public Enterprises, Eskom Board of Directors and Eskom Executive Committee From Eskom Senior Management Date: 19 January 2018 SUBJECT: MEMORANDUM FROM ESKOM SENIOR MANAGEMENT 4, ‘The purpose of this memorandum is to raise Eskom Senior Management's concems over the current governance, ethical, leadership and financial issues facing Eskom, and calls for urgent action by those in position of authority. 2. ‘The Memorandum is addressed to the Honourable Deputy President of the Republic of South Africa directly due to the lack of credibility and the breakdown of trust. 3. As Eskom Guardians it has been extremely painful for us to see our once highly-regarded and top-performing organisation dragged from one reputational crisis to another. 4, [tis clear that issues of governance, ethics, and leadership are at the centre of Eskom's current crisis, and are having a devastating impact on Eskom's liquidity and financial sustainability 5, Whilst various issues need to be addressed to bring this “ship to calmer waters’, itis clear to us and all our stakeholders that these leadership and governance issues need to be addressed urgently, Head orfice Tel var 118008111 Eskom Holdings SOC Ltd Reg No 2002018527130MEMORANDUM FROM ESKOM SENIOR MANAGEMENT 6. We, as Eskom's Senior Leadership hereby raise serious concems over the lack of decisive and bold action against allegations of fraud, corruption, and maladministration. We request urgent action and visible change, or commitment to address the following three (3) issues by 31 January 2018 or sooner, which ever date coincides with the release of the Eskom interim financial results 6.1, Urgent legal processes be teken against all employees that have brought Eskom into disrepute. The process followed should be in accordance with legal prescripts and should include the institution of civil and criminal proceedings. “Golden handshakes" should not be considered for such transgressors. The continued inaction perpetuates the toxic environment and the perceptions regarding their ethical standing severely impacts good corporate governance. 6.2. The appointment of a credible Eskom Board, comprising of Directors with an exemplary track record in large, complex organisations to turn around Eskom’s reputation and rebuild trust and confidence in the Company. This isa requirement from all lenders, investors, and credit rating agencies. 6.3. The Eskom Executive Management team be re-constituted with credible leaders, Including the appointment of a Group Chief Executive and Chief Financial Officer that will be well received by Investors and citizens of this country. 7. This memorandum is submitted by us as a collective, in pursuit of saving Eskom and the economy of South Africa, and to honour the 48 000 employees that diligently and honestly serve this company, its customers, and its investors - many of whom daily raise their concems with us as Senior Management ‘Supported by Eskom Senior Management Eskom Holdings SOC Ltd Reg No 2002018827130, Pege 2MEMORANDUM FROM CONCERNED EMPLOYEES: ‘Signatories to memorandum to Eskom Shareholder Representative, Eskom Board and Eskom Executive Committee dated 19 January 2018 Name Position Signature DR. 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Bopap Besinp eco a0 Kaz TA Makhwole Sow “Ee a Wht DLLME Eskom Holdings SOC Ltd Reg No 20021018827/90MEMORANDUM FROM CONCERNED EMPLOYEES, Signatories to memorandum to Eskom Shareholder Representative, Eskom Board and Eskom Executive Committee dated 19 January 2018, Name Position Signature Deietre Hevesi Snie Non. 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BBs oa YAN She Winer iWreuurpco Bur 14 TsyjkalaNae |v Maney We der Newall Ay Eskom Holdings SOC Led Reg No 200201852790MEMORANDUM FROM CONCERNED EMPLOYEES Signatories to memorandum to Eskom Shareholder Representative, Eskom Board and Eskom Executive Committee dated 19 January 2018 Simple Mb flllbasn: Name Position Ww Trcxconl Gm (quiegai Lee Kiarere— im Vinod loge nr ewe 4 face “Gham et io ri AUS AAD UL ARDS SAD yw [aek a GM Heal Eh MAC Creer rian lam Gen Eskom Holdings SOC Ltd Reg No 2002015527180 Pece 9MEMORANDUM FROM CONCERNED EMPLOYEES Signatories to memorandum to Eskom Shareholder Representative, Eskom Board and Eskom Executive Committee dated 19 January 2018 Wame Position Si hil Khumaio Ganora Manager [Collin Roady Cancl Mave Manédla Gots en ener Meare Ueveabi Filer : Neat W [Sorriaw Meme fees Wines Onion Keke tte AC? Eshotn Holdings 60 Ld Reg Me 2002018527! 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