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BALWIN PROPERTIES LIMITED - Appointment and resignation of non-executive directors

Release Date: 31/10/2016 12:43
Code(s): BWN     PDF:  
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Appointment and resignation of non-executive directors

BALWIN PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Company")



APPOINTMENT AND RESIGNATION OF NON-EXECUTIVE DIRECTORS




Balwin Properties Limited shareholders (“Shareholders”) are advised that Mr Arnold Shapiro and Mr
Anthony Diepenbroek have been appointed as non-executive directors of the Balwin board of directors
(the “Board”) with effect from Wednesday, 26 October 2016.

Arnold Shapiro has over 22 years of experience in financial services and real estate. Arnold is the co-
founder of Trematon Capital Investments (“Trematon”) in its current incarnation and has served as the
chief executive officer of Trematon since 2005. Prior to his current role, Arnold occupied various
management positions in the asset management industry including the positions of chief executive
officer at Brait Asset Managers and Capital Alliance Asset Management.

Anthony Diepenbroek has over 20 years of experience in real estate from an investment, management
and development perspective and was previously the chief executive officer of Zendai South Africa, a
subsidiary of Hong Kong Stock Exchange Listed Zendai Properties. Prior to this Anthony served as the
chief executive officer of the property division of AECI prior to the disposal of AECI’s property assets at
Modderfontein to Zendai Properties as well as serving in other senior positions at Transnet Ports
Authority, Pangbourne Properties, Asakhe Real Estate Fund and IFour Properties and iProp Properties.
Anthony is also a past president of SAPOA.

The Board welcomes the opportunity to have new non-executive directors with Arnold and Anthony’s
extensive commercial and real estate expertise and look forward to their contribution to the Company.

Shareholders are further advised that Ms Basani Maluleke has resigned as a non-executive director
of the Board with effect from Wednesday, 26 October 2016. The Board wishes to express its gratitude
to Basani for her contribution to the Company since its listing in October 2015 and wishes her well in
her future endeavors.


Bedfordview
31 October 2016

Sponsor
Investec Bank Limited

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