ISA HOLDINGS LIMITED - Change In Function Of A Director

Release Date: 01/08/2014 14:11
Code(s): ISA
 
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Change In Function Of A Director

ISA Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009608/06 )
Share code: ISA ISIN: ZAE000067344
(“ISA” or “the Company”)


CHANGE IN FUNCTION OF A DIRECTOR


In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited (“JSE”), the board of
directors of ISA (“the Board”) hereby notifies its shareholders of the change in function of Mr Thapeli
Matsabu from independent non-executive director to non-executive director of the Company, with effect
from 1 August 2014.

The aforementioned change in function is due to Thapeli being appointed as Chief Executive Officer of a
new business venture, DataProof Communications, which ISA is undertaking in partnership with Thapeli.

As Thapeli is no longer considered to be an independent non-executive director, he will no longer be
serving on the Audit Committee.

In line with the King III requirement that a board of directors should comprise a balance of power, with a
majority of non-executive directors, the majority of whom should be independent, the Board has
commenced the process of identifying appropriate candidates for appointment as an independent non-
executive director to the Board and the Audit Committee. Shareholders will be advised once such
appointment has been made.


Johannesburg
1 August 2014

Designated Advisor
Merchantec Capital

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