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ASTRAL FOODS LIMITED - Retirement of Chairman

Release Date: 27/03/2014 09:00
Code(s): ARL     PDF:  
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Retirement of Chairman

ASTRAL FOODS LIMITED
“Astral Foods” or “the Company”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

Retirement of Chairman

Mr. J J (Jurie) Geldenhuys has tendered his notice to retire as
chairman and a member of the board of Astral Foods effective
31 May 2014.

Jurie joined the board of Astral Foods as independent non-
executive director in May 2001, shortly after the Company was
unbundled from Tiger Brands and listed on the JSE Limited.

With his extensive business experience, gained from serving on
the boards of Anglovaal, Avmin and Iscor Limited (now
ArcelorMittal South Africa), as chief executive of Avgold
Limited and president of the Chamber of Mines, he was appointed
as chairman of the Astral Foods’ human resources and
remuneration committee in May 2004, a role he fulfilled with
distinction.

Jurie was appointed as chairman of the Astral Foods board in
February 2008.   His measured and thorough approach proved
valuable to the board through the years, and his unwavering
support to management and the board guided the company through
an extremely challenging period for the poultry industry.

Under Jurie’s leadership, Astral expanded its operations not
only in South Africa but also in other Sub-Saharan countries
which has established the group as the leader in the animal
feed and poultry sector in the region.

After turning 71 earlier this year Jurie decided to retire from
active business. The board will follow due process and
announce the appointment of a successor to Jurie after the
board meeting scheduled for 14 May 2014.


The CEO of Astral Foods, fellow directors and staff wish Jurie
well for the future, the next phase of his life and a well-
earned retirement.

Pretoria
27 March 2014

Sponsor
J.P. Morgan Equities South Africa (Pty)Limited

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