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STANDARD BANK GROUP LIMITED - Appointments to the board

Release Date: 16/11/2016 08:45
Code(s): SBK     PDF:  
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Appointments to the board

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the Group")

DIRECTOR APPOINTMENTS

Following the approval of the Group’s refreshed strategy the Standard Bank Group board considered
its composition taking into account the current and future needs of the Group. Having obtained the
requisite clearance from the Regulator, the Standard Bank Group board is pleased to announce the
appointment of John (Jacko) Helenius Maree, Geraldine Joslyn Fraser-Moleketi, Gesina Maria Beatrix
Kennealy, Nomgando Nomalungelo Angelina Matyumza and John Meadway Vice as non-executive
directors to its board and that of The Standard Bank of South Africa Limited (SBSA) with effect from
21 November 2016.

Mr Maree (61) BCom, BA (Politics and Economics) and MA, was previously chief executive of the
Group from November 1999 until his retirement in March 2013. He retired as an employee of SBSA
in August 2015 and is currently the chairman of Liberty Holdings Limited and Liberty Group Limited.
Jacko will also assume the role of deputy chairman of the board of the Group alongside Dr Shu Gu.

Ms Fraser-Moleketi (56) holds a Masters Degree in Public Administration. She is currently the Special
Envoy on Gender at the African Development Bank and was previously the Director of the United
Nations Development Programme’s Democratic Governance Group. She served as the Minister of
Public Service and Administration and as the Minister of Welfare and Population Development whilst
a member of the South African Parliament from 1994 to 2008.

Ms Kennealy (58) BCom (Hons), CTA, CA (SA), is the chairperson and a member of the Accounting
Standards Board and has extensive financial and banking experience. She held the position of Chief
Financial Officer of the South African Revenue Service between 2009 and 2013, and prior to this was
the Chief Operating Officer of ABSA Corporate and Business Bank (2006 to 2008).

Ms Matyumza (53) BCompt (Hons), LLB, CA (SA), is a non-executive director of Sasol Limited, WBHO
Limited and Hulamin Limited. She previously served as a non-executive director of Cadiz Limited and
Transnet SOC Limited. She has extensive experience in diverse financial and leadership roles
including having been the General Manager of Eskom Distribution (Eastern Region) between 2004
and 2008 and Deputy Chief Executive of Petronet.

Mr Vice (64) BCom, CTA, CA (SA), was previously a senior partner at KPMG and is currently a non-
executive director on the board of Anglo American Platinum Limited. He served on the board of
Zurich Insurance South Africa Limited. He is currently an independent advisor to SBG’s Group
Information Technology Board Committee, a role that he will relinquish when he joins the Group’s
board.

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

16 November 2016

Date: 16/11/2016 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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