AFE - AECI Limited - Changes in the board of directors
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
CHANGES IN THE BOARD OF DIRECTORS
Shareholders are referred to the announcement released on the Securities
Exchange News Service of the JSE Limited ("JSE") on 1 December 2006
notifying that Messrs Alan Pedder CBE and Colin Brayshaw had advised the
Board of their intention to retire as non-executive directors of the
Company at the annual general meeting of shareholders on 21 May 2007. At
this meeting, Mr Pedder would also retire as chairman of the Board.
In the same announcement, shareholders were notified that the directors of
the Company had agreed to nominate Fani Titi to succeed Alan Pedder as
chairman, with effect from the Board meeting to be held on 21 May 2007
after the annual general meeting of shareholders had been concluded on that
All the above mentioned directorate changes took effect from 21 May 2007.
Sandton, 22 May 2007
JPMorgan Equities Limited
Date: 22/05/2007 17:00:01 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .