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YRK - The York Timber Organisation Limited - - Changes to the Board The York Timber Organisation Limited (Incorporated in the Republic of South Africa) (Registration number: 1916/004890/06) Share code: YRK & ISIN code: ZAE000008108 ("Yorkcor" or "the company") CHANGES TO THE BOARD Shareholders are also advised that Dr MJC van Vuuren and Dr J Kopp have resigned as non-executive directors. In their stead were appointed, with immediate effect, Mr Jim Myers, Mr Andrew Bonamour and Mr William Marshall-Smith, all as non-executive directors. Mr AC de Villiers resigned as executive director but will remain with the company as General Manager, Corporate Services. Mr Ivor Tucker remains the CEO of the company and the acting Chairman of the Board until March this year when, upon finalisation of the Yorkcor-Blackstar transaction and joint offer to shareholders, he will relinquish his executive functions to Mr Lance Cooper, the current Chief Operations Officer who will then become the CEO, and take up the non-executive chairmanship of the Yorkcor Board. BOARD COMPOSITION SUMMARY The current Yorkcor Board comprises 8 directors, 5 of whom are non-executive directors and 3 executive directors. Ivor Tucker, for the time being an executive director, is the acting Chairman. upon finalisation of the Yorkcor-Blackstar transaction and joint offer, the Yorkcor Board will comprise 8 directors, 6 of whom will be non-executive directors (J Myers, A Bonamour and W Marshall-Smith, SM Motlana, TG Mokoena and ISD Tucker) and 2 executive directors (Lance Cooper, CEO and John Lehman, Fin. Director) under the non-executive chairmanship of Ivor Tucker. Pretoria 21 February 2007 SPONSOR SASFIN CAPITAL A DIVISION OF SASFIN BANK LIMITED Date: 21/02/2007 15:51:13 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
