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CHANGES TO THE BOARD OF DIRECTORS
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE000029781
("Basil Read" or "the Company")
CHANGES TO THE BOARD OF DIRECTORS
Basil Read announces the following changes to its board of directors (the
“Board”) in compliance with paragraph 3.59(a) of the Listings Requirements
of the JSE Limited:
- Dr Claudia Estelle Manning appointed as independent non-executive
director to the Board effective 23 August 2012;
- Ms Nopasika Vuyelwa Lila appointed as independent non-executive director
to the Board effective 23 August 2012; and
- Ms Given Refilwe Sibiya’s resignation as independent non-executive
director on the Board effective 31 August 2012.
Shareholders are advised that the Board has accepted Ms Sibiya’s
resignation as non-executive director of Basil Read, chair of the Audit and
Risk Committee and member of the Remuneration Committee, with effect from
Friday, 31 August 2012, to enable Ms Sibiya to pursue personal business interests
outside of Basil Read.
The Board wishes to thank Ms Sibiya for her valuable contribution to the
business over the past three years, and wish her well in her future
endeavours.
The Board is pleased to announce the appointment of both Dr Claudia Estelle
Manning and Ms Nopasika Vuyelwa Lila as non-executive directors to the
Board, with effect from Thursday, 23 August 2012.
Dr Manning began her professional career as a policy adviser on Small and
Medium Enterprises development. After completing her D Phil at Sussex
University in 1996, she worked on the Department of Trade and Industry
(DTI)’s Spatial Development Initiatives (SDI) Programme, managing a number
of Development Corridors. She later joined the Development Bank of Southern
Africa (DBSA) where she worked as an Investment professional in the Bank’s
Project Finance unit, financing various Public Private Partnership (PPP)
projects in the Southern African region, including the
R8 billion Sasol Gas Mozambique pipeline.
Dr Manning is currently a member of the board of directors of the DBSA, and
serves on the board of the DBSA’s Development Fund. She also serves on
several DBSA board committees including the Credit and Investment Committee
and she chairs the Development Fund Risk Committee.
In addition, Dr Manning is a member of the Presidential Black Economic
Empowerment (BEE) Advisory Council, appointed by the President to advise on
matters pertaining to BEE.
Ms Lila is a Chartered Accountant and the Chief Financial Officer of the
Eskom Pension and Provident Fund, and currently serves as a non-executive
Director of the Johannesburg Development Agency and chairs its Audit
Committee.
In addition, Ms Lila serves as a member of the Audit Committee of the
Department of International Relations and Cooperation (DIRCO) as well as
the National Arts Festival. Ms Lila’s vast experience and areas of interest
cover finances, corporate governance, management, the retirement industry,
strategic issues, and training and development.
The Board welcomes Dr Manning and Ms Lila’s appointments as a strategic
step towards the further growth of the Company.
Johannesburg
23 August 2012
JSE Sponsor
Macquarie First South Capital (Pty) Limited
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