MR PRICE GROUP LIMITED - Changes to the board: Retirement of honorary chairman

Changes to the board: Retirement of honorary chairman

Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZAE000026951
Share Code: MPC
("Mr Price Group" or "the Group")

CHANGES TO THE BOARD: RETIREMENT OF HONORARY CHAIRMAN

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

Laurie Chiappini, co-founder and honorary chairman of the Mr Price
Group, having recently reached 70 years of age, has expressed a wish
to retire from the Board. He will continue to consult to the Group
on strategic, merchandise and marketing matters as well as
continuing to act as mentor to senior members of the management
team. He will also be devoting more time to the activities of the
MRP Foundation and particularly its various projects in education.

Chairman Nigel Payne paid tribute to Mr Chiappini’s 29 years of
valuable contribution to the Board and the Group. “As an experienced
merchant and fashion specialist, Laurie’s contribution to the
development of this successful fashion-value group has been immense.
We are thrilled that he will be continuing his association with the
group as an adviser, mentor, investor and founder.”

Mrs Chiappini-Young, who has served as an alternate director to her
father since August 2010, automatically leaves the board with Mr
Chiappini’s retirement.


Durban
27 February 2015

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

 

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