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CSG HOLDINGS LIMITED - Changes to the Board of Directors

Release Date: 13/03/2015 10:00
Code(s): CSG     PDF:  
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Changes to the Board of Directors

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/011359/06)
Share code: CSG
ISIN code: ZAE000184438
("CSG” or “the Company” or “the Group”)

CHANGES TO THE BOARD OF DIRECTORS

CHANGE TO CHIEF FINANCIAL OFFICER

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders of CSG
(“Shareholders”) are hereby advised that Mrs Sarah Liezel Grobler (“Liezel”) has tendered her
resignation from the CSG board (“the Board”) and will step down as the Chief Financial Officer
(“CFO”) of the Company with effect from 31 March 2015. Liezel has indicated a desire to spend more
time with her family after the birth of her twins recently. The Board respects and supports her decision
and would like to thank her for the contribution she has made to CSG during her tenure.
Notwithstanding her resignation as CFO, Liezel will remain in the employment of the Group in a
different role.

Shareholders are further advised that pursuant to the resignation of Liezel, Mr William Edward Scott
(“Willie”) has been appointed as the CFO of the Company with effect from 31 March 2015. Willie has
already been assisting as consultant the Company since late 2014 and supported the Company
during Liezel’s absence which will ensure continuity and a structured handover.

Willie is a chartered accountant with extensive experience in financial management, corporate finance
and commercial contracts negotiation. His work experience includes serving most recently as the
Head of Corporate and International Finance of Kumba Iron Ore, a listed mining company. Willie will
be able to contribute to the strategic direction of the Company strengthening the governance, risks
and assurance processes within the group.

The Board welcomes Willie as CFO of CSG and looks forward to his contribution to the Company.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR:

Shareholders are further advised that Mrs Judy Malan (“Judy”) has resigned as independent non-
executive director and as member of the Company’s audit and risk committee and social and ethics
committee with effect from 12 March 2015.

The Board wishes to thank Judy for her contributions to the Company during her tenure as a director
of CSG and wishes her well with her future endeavours.

The Board is in the process of identifying a suitable candidate to appoint in Judy’s stead and
Shareholders will be advised as soon as such an appointment has been made.

13 March 2015
Johannesburg


Designated Advisor
Sasfin Capital
(A division of Sasfin Bank Limited)

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