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SEPHAKU HOLDINGS LIMITED - Management changes

Release Date: 04/03/2016 14:00
Code(s): SEP     PDF:  
Wrap Text
Management changes

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
 Share code: SEP
 ISIN: ZAE000138459

MANAGEMENT CHANGES

Sephaku Holdings Limited (“SepHold” or “the Company”) hereby advises its shareholders that two of
the three founding directors of Métier Mixed Concrete Proprietary Limited (“Métier”), namely Wayne
Witherspoon (operations) and Richard Thompson (finance) will not be renewing their employment
contracts that end on 31 March 2016. These changes have been well anticipated and the replacement
management have already taken over these responsibilities.

The third co-founder and current managing director, Kenneth Capes, has been appointed as the chief
executive officer of Métier. Furthermore, Kenneth will increase his area of responsibility to assist
SepHold with its growth strategy as the business development director. Kenneth has over 20 years’
experience in building materials and proven deal-making skills that will further the Company’s expansion
objectives.

To ensure continual operational success, Métier has appointed Jurgens Du Toit as the managing
director. Jurgens holds a civil engineering qualification and has obtained a wealth of experience in the
mining and building materials industries over the past 24 years. He has held senior management
positions in several aggregates and ready-mix businesses in South Africa, Botswana and Lesotho.

The Métier board and SepHold management would like to thank Wayne and Richard for their
unwavering commitment and invaluable contribution to Métier‘s exceptional success.

Centurion
4 March 2016
_________________________________________________________________________________

Enquiries contact: Sakhile Ndlovu               Sephaku Holdings            Investor Relations           012 612 0210

Sponsor to Sephaku Holdings: Questco (Pty) Ltd

About Sephaku Holdings Limited

Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the
cement sector in South Africa. The strategy of SepHold is to generate growth and realise value for shareholders through the
production of cement and ready mixed concrete in Southern Africa. The company’s core investments are a 36% stake in
Dangote Cement South Africa (Pty) Ltd [T/A Sephaku Cement] and 100% in Métier Mixed Concrete (Pty) Ltd.

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