HOWDEN AFRICA HOLDINGS LIMITED - Extension of CEO contract and Appointment of Alternative director and COO

Extension of CEO contract and Appointment of Alternative director and COO

Howden Africa Holdings Limited
(Incorporated in Republic of South Africa)
(Registration Number 1996/002982/06)
Share Code: HWN & ISIN: ZAE000010583
("HAHL")

Extension of Chief Executive Officer (“CEO”)contract and
appointment of alternate director and Chief Operating Officer
(“COO”)

Shareholders are advised that the remuneration, nomination,
social and ethics committee together with the board have
confirmed that Thomas Barwäld’s contract will be extended
until the end of May 2016. Along with his role as a CEO of
HAHL, Mr Bärwald will also resume a combined role as the CEO
of HAHL, Howden Australia and Howden South East Asia.

HAHL is also pleased to announce the appointment of Mr. Willie
Thomson as an alternative director to Mr. Bärwald and COO
effective from 1 February 2016.

Mr Thomson has significant experience running a global heavy
fan and heater business and has extensive end to end
knowledge   of   procurement,    manufacturing   and   service
processes of the Howden core range fans & heaters. Howden UK
is the global technology holder of Howden heater and core
range fan products and Mr Thomson has significant product
knowledge and its application in power and other industries.

In the interim Mr. Bärwald will commence the “handover” and
mentoring of Mr. Thomson who will effectively become the CEO
of HAHL once Mr. Bärwald’s contract ends in May 2016. Mr
Thomson will be contracted for a period of 2 years. In the
longer term, HAHL shall endeavour to develop a South African
person into this role.

07 December 2015
Johannesburg

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Registration number 1970/003711/07

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