AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED - Update from Transport Minister

Update from Transport Minister

 Airports Company South Africa SOC Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1993/004149/30)
 AIR01    ZAG000038084
 AIR02    ZAG000052838
 AIR04    ZAG000116369
 AIR05    ZAG000116351
 AIRL01   ZAG000052846


 (“ACSA”) or (“the Company”)

Minister of Transport Statement on recent developments at ACSA

We refer to the SENS announcement released        on   24   April   2018
relating to the issuer’s board changes.

 The Minister of Transport, Dr Blade Nzimande, on 30 May 2018,
 issued a media statement confirming that he is giving full
 attention to restoring good corporate governance and financial
 prudence at ACSA.

 The Minister has emphasised that he is dedicated to stabilising
 ACSA by ensuring that all the vacant positions at Board level
 are duly occupied, which will then lead to the appointment of a
 new Chief Executive Officer appointed by the new board.

 The minister has further stated that while this process to
 appoint a new board is underway, Mr. Bongani Maseko being the
 current CEO, will have his contract extended for a period not
 exceeding six (6) months, in order to ensure that there is no
 vacuum of leadership, especially at the senior management level.

 For the full media statement issued by the Minister, please
 refer to the following link:

  http://www.airports.co.za/news

 Johannesburg
 31 May 2018
Kea.Sape@standardbank.co.za
Debt Sponsor
The Standard Bank of South Africa Limited

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