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ISA HOLDINGS LIMITED - Changes to the Board - Resignation of Director

Release Date: 01/06/2015 11:00
Code(s): ISA     PDF:  
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Changes to the Board - Resignation of 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”)


CHANGES TO THE BOARD - RESIGNATION OF DIRECTOR



Shareholders are referred to the 2015 Integrated Annual Report of ISA distributed to shareholders on
22 May 2015 (“2015 Annual Report”), which details EmpowerGroup Technology Proprietary Limited’s
(“EmpowerGroup”) interest in the issued shares of ISA, together with the indirect beneficial interests for each
of Messrs Alan Naidoo (“Alan”) and Andrew Maren (“Andrew”), being non-executive directors of ISA and
executive directors of EmpowerGroup.

Following a restructuring within EmpowerGroup (“EmpowerGroup Restructuring”), Andrew has disposed of
his interest in EmpowerGroup and has therefore resigned as a Director of EmpowerGroup. While
EmpowerGroup retains its 25.2% interest in the issued shares of ISA, net of treasury shares, following the
EmpowerGroup Restructuring the indirect beneficial interest of Alan has increased to 18 753 778 shares in
ISA and the indirect beneficial interest of Andrew has decreased to nil shares in ISA.

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of ISA
(“the Board”) hereby notifies its shareholders that Andrew has resigned as a non-executive director of ISA
with effect from 1 June 2015.

Accordingly, “ordinary resolution 3: re-election of retiring director – Andrew Maren” set out in the Notice of
Annual General Meeting included in the 2015 Annual Report, will be withdrawn prior to the Annual General
Meeting to be held on 24 June 2015.

The Board thanks Andrew for his contribution over the years and wishes him well in his future endeavours.


Johannesburg
1 June 2015

Designated Adviser
Merchantec Capital

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