Mr Don Robertson Acting CEO Public Safety Information Forum - CEO Presentation Necsa Visitor Centre 2 March 2019 Mr Don Robertson Acting CEO

PRESENTATION OUTLINE Contents Leadership Changes NTP Radioisotopes SOC Ltd Developments Key Turnaround Priorities Conclusion

LEADERSHIP CHANGES Cabinet approved appointment of the Necsa Board on 5 December, 2018. Full spectrum of expertise and experienced professionals. Appointed an Acting Chief Executive Officer from 7 December, 2018.

NTP RADIOISOTOPES SOC LTD NTP mostly shutdown from November 2017 to November 2018 Exacerbated by mismatched expectations and leadership approach between Necsa and NTP. Resolved by the Ministry of Energy in 2018. No customers lost, trust based on reliability of supply was severely eroded and market-share lost. Recovery estimated at least 18-24 months to rebuild. Resumed operations in November 2018. Supplying local and global customers, while simultaneously focussing on improving its safety culture. This involves matters of enhancing technical and safety training, transparent stakeholder communications. Also, a review of all policies and procedures to ensure greater accountability at the appropriate levels.

KEY TURNAROUND PRIORITIES Re-focus the organisation on extracting value from nuclear technology development and exploitation in specific impact areas. Implement new business model to support nuclear research and technology mandate. Defer nuclear energy mandate to relevant time. Liquidity and financial sustainability. Entrenching corporate governance systems.

CONCLUSION The 2017/18 Annual Report is glaring on challenges faced by Necsa. Commitment from the Board to steer ship on the right track. Necsa is responsible for South Africa’s critical resources, such as the nuclear reactor. Employs highly skilled scientists, especially in the nuclear field.

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