In accordance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Mr Leslie Maasdorp has been appointed as non-executive director of the company with immediate effect.
Mr. Leslie Maasdorp is President for Southern Africa at Bank of America Merrill Lynch. In addition to his extensive experience over the past 10 years as a senior investment banker in South Africa, he has served in various capacities in Government, including as Deputy Director General of the Department of Public Enterprises and was a former Special Adviser to the Minister of Labour in 1994. His previous Board experience includes serving as a non-executive director of Absa Group, Johnnic and he is a former Chairman of TCTA. His banking experience includes serving as International Adviser to Goldman Sachs International and Vice Chairman of Absa Capital. Maasdorp is the current Chairman of Advtech, a JSE listed company and leading provider of private education in South Africa. He has resigned with immediate effect from the Board of Cell C where he has served as an independent non-executive director for the past 4 years.
He holds a BA degree in Economics and Psychology from the University of the Western Cape and a M.Sc degree in Economics from the School of Oriental and African Studies at the University of London.
16 November 2012
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