ASTRAL FOODS LIMITED - Appointment of independent non-executive director

Appointment of independent non-executive director

ASTRAL FOODS LIMITED
“Astral Foods”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

In compliance with rule 3.59 of the Listing Requirements the
following is advised:

Dr. M T (Theunie) Lategan has been appointed as an independent
non-executive director of Astral Foods with effect from 21
September 2016.   He will also serve as a member on the Audit
and Risk Management Committee from this date.

Dr. Lategan graduated with Bachelor of Accountancy, Honours in
Accountancy, Masters in Commerce and Doctorate in Commerce
degrees from the University of Stellenbosch and Johannesburg.
He also qualified as a Chartered Accountant (SA) in 1983 and
obtained an Advanced Diploma in Banking from the University of
Johannesburg.

He joined Rand Merchant Bank’s Structured Finance team in 1994
and in 1999, following the formation of the FirstRand Banking
Group, became the Chief Executive Officer of the Corporate and
Commercial Banking division of First National Bank.

In 2005 Dr. Lategan was appointed as the Chairman of the
Divisional Board of First National Bank and served on various
other FirstRand group committees. He retired from the FirstRand
Group at the end of 2010 to pursue private interests.

Since 2011 he has served as a non-executive member of the Board
and Audit Committee of Steinhoff International Holdings Limited
and currently also chairs its Remuneration Committee. He joined
Barclays Africa Corporate and Investment Banking division in
2013 as non-executive Deputy Chairman.

Pretoria
22 September 2016

Sponsor
JP Morgan Equities South Africa Proprietary Limited

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