Sharenet Sites 
Sharenet Sites
SKJ - Sekunjalo - Press Release: Sekunjalo Announces Changes To Board Of Directors: Appoints New CEO SEKUNJALO INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/006093/06) ISIN: ZAE000017893 Share Code: SKJ ("Sekunjalo") PRESS RELEASE: SEKUNJALO ANNOUNCES CHANGES TO BOARD OF DIRECTORS: APPOINTS NEW CEO Sekunjalo Investments has announced changes to its Board of Directors, effective 30 August 2007, to further promote and entrench good governance within the Group. During the last year, Dr. Iqbal Surve, Sekunjalo`s CEO took on the additional role of Chairman. In accordance with JSE requirements that these two roles be separated, Dr Surve has relinquished the role of CEO and will remain the Executive Chairperson of Sekunjalo. He will continue to provide stewardship to Sekunjalo in this role. Mohammed "Mo" Kajee has been appointed CEO of the Group. Mo Kajee has had a distinguished career at Sekunjalo. Alongside Dr Surve, he was one of the founding members as well as the first Financial Director of Sekunjalo. In mid- 2000 he took on the challenging task of heading up Sekunjalo`s largest subsidiary, Premier Fishing, a position he left in 2004 to become the MD of I & J. He made a timely return to the Group in 2006 when he was appointed CFO and has played a significant role in the Group`s diversification and growth. Norman Noland, who has been the Deputy CEO since 2005, has been appointed as Non- Executive Deputy Chairperson. His comprehensive corporate and banking experience will continue to be utilised to Sekunjalo`s advantage. Khalid Abdulla, has been appointed as the new Chief Financial Officer (CFO) of Sekunjalo. This appointment should come as no surprise to those who have worked and engaged with him on a business level. He has provided leadership at subsidiary and divisional level, most recently as the CEO of Sekunjalo Capital. Dr Surve, expressed his confidence in Mo Kajee on his appointment to the challenging role of Sekunjalo CEO, "The time has come for me to hand over the reigns. Sekunjalo is ready for this change. I have no doubt that Mo will be an excellent CEO and the Board, in making this tough decision, has taken his excellent record into account, as well as the future requirements of Sekunjalo". Dr Surve and Norman Noland will be utilising their considerable experience to focus on the listing of two Sekunjalo divisions, one of which (namely Biotechnology), is expected to be an offshore listing, as well as the creation of an international private equity fund. Ends. For more information contact: Mo Kajee CEO: Sekunjalo Investments Ltd Tel: 021 702 7700 Mobile: 082 4616580 Email: mok@sekunjalo.com Zenariah Barends Executive Director Sekunjalo Corporate Services Tel: 021 702 7700 Mobile: 082 441 0433 Email: zenariahb@sekunjalo.com Date: 30/08/2007 07:38:12 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
