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PMM/OCT - Premium Properties Limited/Octodec Investments Limited - Changes to

Release Date: 02/09/2011 12:24
Code(s): OCT PMM
Wrap Text

PMM/OCT - Premium Properties Limited/Octodec Investments Limited - Changes to the board of directors Premium Properties Limited (Incorporated in the Republic of South Africa) (Registration number 1994/003601/06) JSE share code: PMM ISIN: ZAE000009254 ("Premium") Octodec Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1956/002868/06) JSE share code: OCT ISIN: ZAE ("Octodec") Linked unitholders are hereby advised that Mr Alec Wapnick has resigned from the boards of both Octodec and Premium (the "Companies") as executive Chairman, with effect from 30 September 2011. A visionary and exceptional man, during his 55 years in the property industry, Mr Wapnick created amongst others, Octodec and Premium, which have combined assets of c.R7 billion. The Boards wish to express their profound gratitude and appreciation to the Chairman for his immeasurable contribution to the growth and development of the Companies. Mr Wapnick has been a guiding force within the Companies, whom have benefited from his mentoring leadership and wise counsel. His passion, integrity, fair and considered approach and his work ethic have been an example to all with whom he has worked. Jeffrey Wapnick who has made a tremendous contribution to the growth and development of both Premium and Octodec in his capacity as Managing Director of the Companies will continue in his current capacity. Sharon Wapnick, who has been a non-executive on the boards of Octodec and Premium since 1994, and who has a wealth of experience in the property industry will assume the position of non-executive Chairman of Octodec and Premium with effect from 1 October 2011. Johannesburg 02 September 2011 Sponsor Nedbank Capital Date: 02/09/2011 12:24:02 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.

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