MASTER DRILLING GROUP LTD - Director resignation

Director resignation

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


RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR



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



Christopher Gerald O’ Neill (O’ Neill) has resigned from Master Drilling’s Board as an independent
                                           nd
non-executive director with effect from 22 July 2015.



O’ Neill has accepted the position of director and Chief Operations Officer of one of the Company’s

local subsidiaries, Master Drilling South Africa (Pty) Ltd.



O’ Neill was a member of Master Drilling’s Board since 2014, and further served as a

member of the Company’s Audit Committee, Nomination Committee and Corporate Governance

Committee. He also chaired the Company’s Risk Committee and Social and Ethics Committee.


The Board of Master Drilling thanks O’ Neill for his valued contribution during his tenure as member of

the board and its committees, and looks forward to his future contribution as an executive within the

Master Drilling group.


Recruitment for O’ Neill’s replacement on the Board is underway and a further announcement in this

regard will be made in due course.



Fochville
23 July 2015
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

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