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CML - Coronation Fund Managers Limited - Coronation CEO to step down Coronation Fund Managers Limited (Incorporated in the Republic of South Africa) (Registration number: 1973/009318/06) ISIN: ZAE000047353 JSE share code: CML ("Coronation") CORONATION CEO TO STEP DOWN Listed independent fund manager Coronation today announced that Chief Executive Officer ("CEO"), Hugo Nelson, will step down as CEO on 31 January 2013. Chief Operating Officer Anton Pillay has been appointed as CEO designate. Shams Pather, Chairman of the Board of Directors, commented: "Hugo has indicated to the board his intention to step down as chief executive at a mutually convenient time to pursue his personal goals. We reluctantly accepted his decision. He has contributed significantly to the success of the firm; as an analyst, portfolio manager and most recently as chief executive. We are delighted to appoint Anton as CEO designate. We have worked with him for many years, and he enjoys the trust and confidence of the board and executive." Hugo Nelson commented: "I`m satisfied that we`ve accomplished what we`ve set out to do as an executive team and it`s now an opportune time for me to think about what I may want to do next. I don`t have any definite plans as yet. It`ll be good to spend more time with my family as we look towards the future." Cape Town 17 February 2012 Sponsor Deutsche Securities (SA) (Proprietary) Limited Enquiries CapitalVoice Johannes van Niekerk082 921 9110 Refer to www.coronation.com for more information about Coronation. Date: 17/02/2012 09:30:02 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.
