INSIMBI REFRACTORY & ALLOY SUP LIMITED - Changes to the board

Release Date: 16/01/2017 10:00
Code(s): ISB
 
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Changes to the board

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)

CHANGES TO THE BOARD

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are
notified that the board of directors of Insimbi (“the Board”) is pleased to announce the appointment of Mr.
Christiaan Coombs as an Executive Director and Mr. Robert Dickerson as a Non-Executive Director of the
Board with effect from 16 January 2017 as part of the restructure of the Board following the AMR Group
acquisition.

Mr. Coombs has over 20 years of experience in the in the scrap metal trading industry with a focus on
international commodity trading. He is a co-founder of the AMR Group which was established during
2002. He also serves on the board of the Metal Recyclers Association of South Africa. He has established
a strong relationship with Insimbi as a business partner in the past and will be focused on growing the
AMR business as part of the new Insimbi group.

Mr. Dickerson holds a B:Com from Unisa and is a seasoned businessman with an impeccable track
record. He is the founder of Dickerson Investments Proprietary Limited and is the former Chief Executive
Officer and Group Chairman of the Fidelity Services Group. Previous to this he held numerous senior
positions at the Chubb group of companies. He is currently a non executive director of the Fidelity
Services Group as well as a non executive director of a number of non-listed companies.

Furthermore, the Board is also pleased to announce the appointment of Mr. Brian Craig as an interim
Chairperson with effect from 1 February 2017 following the resignation of the former Chairperson, Mrs.
Lerato Okeyo. His term of office as interim chairperson will be determined after a thorough review of the
operating structure of the business post the AMR Group acquisition, whereafter a permanent appointment
will be made.

Mr. Craig holds a Bachelor of Economics (cum laude), Honours (cum laude) from the University of the
Western Cape (UWC), and a MSc (Finance) from the University of Illinois. He has accumulated over 25
years in the financial services industry as an investment banker and executive for Absa Capital and
Deutsche Bank amongst others. Furthermore, Mr. Craig was the Non-Executive Chairman of the KZN
Growth Fund Board of Trustees, a R 1 billion limited recourse debt fund, for 5 years. He also served as a
Non-Executive Director of a major black owned and managed property and construction group, and
chaired the Audit and Risk Committee and Investment Committee.

Johannesburg
16 January 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

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