MASTER DRILLING GROUP LTD - Change to the board of directors

Change to the board of directors

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI        ISIN: ZAE000171948
(“the Company”)


CHANGE TO THE BOARD OF DIRECTORS


In   accordance with paragraph 3.59(b) of the JSE Limited
Listings Requirements, shareholders are advised that Mr Roger
Owen Davey (“Mr Davey”), an independent non-executive director
of the Company, will not make himself available for re-
election at the Company’s Annual General Meeting (“AGM”), to
be held on Thursday, 24th July 2014. Consequently, his
resignation from the board of directors (“Board”)will be
effective from the date of the AGM.


Mr Shane Ferguson (“Mr Ferguson”),who is an existing non-

executive director of the Company was also appointed as an

alternate director to Mr Davey on 20 June 2013. Following Mr

Davey’s resignation, Mr Ferguson will resign as Mr Davey’s

alternate director from the date of AGM but will remain as

non-executive director of the Company.


Mr Davey, due to his offshore domicilium creating difficulties

in securing his regular attendance at Board and Sub-Committee

meetings of the Company, has accepted a position of director

in one of the Company’s offshore subsidiaries, Martwick

Limited t/a Master Drilling Ireland.  The Company’s Nominations 
Committee shall identify and nominate for approval by the Board, 
a suitable candidate to fill Mr Davey’s vacancy.


Johannesburg
28th March 2014


Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited

Date: 28/03/2014 10:17:00 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.