ELB GROUP LIMITED - Appointment of Chief Executive Officer

Appointment of Chief Executive Officer

ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
ISIN: ZAE000035101
Share Code: ELR
(“ELB” or “ELB Group”)

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

The past 10 years have seen the ELB Group grow and expand its
capability at a steady rate. This growth has been predominantly
due to the disposal of non-core operations, the enlarging of the
ELB Group’s materials handling offerings and expanding its
operating territory to many parts of Africa and Australasia.

In order to ensure the necessary continuity for the coming 10
years and to further reinforce its current growth strategy, the
ELB board has decided to introduce an important change to the ELB
Group’s structure.

The ELB board is therefore pleased to announce the appointment of
Dr Stephen Meijers as the new ELB Group chief executive. This
appointment is with immediate effect.

Dr Meijers has had 21 years of experience with the ELB Group and
most recently as chief executive of ELB Engineering Services. In
addition to Dr Meijers’ on-going responsibility for ELB
Engineering Services he will take overall responsibility for the
ELB Group. He will be ably assisted by Peter Blunden chief
executive of ELB Equipment, Stewart Brown chief executive of Ditch
Witch Australasia and Graham Jones group financial director, all
of whom have served the ELB Group for many years.

Anthony Fletcher will continue as the ELB Group chairman and
remain available to assist Dr Meijers and his team when and if
required.

The ELB board would like to congratulate Dr Mr Meijers on his
appointment and is confident he will make a significant
contribution to the continued growth and development of the ELB
Group.


Boksburg
28 January 2013

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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