GROUP FIVE LIMITED - Group Executive Committee member and Head of Investment & Concessions, Jon Hillary, announces resignation

Group Executive Committee member and Head of Investment & Concessions, Jon Hillary, announces resignation

Group Five Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/000032/06)
Share code: GRF ISIN: ZAE 000027405
("Group Five” or "the Company" or "the Group")

GROUP EXECUTIVE COMMITTEE MEMBER AND HEAD OF INVESTMENT &
CONCESSIONS, JON HILLARY, ANNOUNCES RESIGNATION

The board of Group Five advises that group executive committee (exco) member and head of the
Investments & Concessions cluster, Jon Hillary, has announced his resignation. Jon has a notice
period of three months to end on 30 June 2017.

Jon leaves an experienced senior management team in place in the property and transport
businesses of Investments & Concessions.

Kushil Maharaj, G5 Property’s Managing Director, holds a BSc Engineering (Civil) and an MBA
degree with extensive experience in real estate deal structuring and development, infrastructure
development and construction management. Kushil was with Group Five in the E&C cluster for 10
years and then moved to the I&C Cluster in 2004. He joined ABSA (Barclays Africa) in 2007. As
Head of ABSA Development Company he was chiefly responsible for managing the roll out of
Absa’s Financial Sector Charter affordable housing commitments. Kushil was recruited back into
Group Five in 2011. Under his leadership G5 Properties grew its rest of Africa project pipeline.

Zoltan Pap, Intertoll Europe’s Managing Director, holds a BSc Engineering Degree (Civil), a degree
in Economics and Foreign Trade, an MBA from Oxford Brookes University and completed
Advanced Management Programme at Henley Management College. He joined Intertoll in 1999
as Country Manager for India, then moved to Intertoll Europe in 2001 as Project Development
Manager. He was appointed Project Development Director of Intertoll Europe in 2005 and then
Managing Director of Intertoll Europe in 2011. Prior to joining Intertoll in 1999 he worked for an
international consulting engineering company specializing in toll systems and toll facility
infrastructure and was Design Coordinator and Engineer for the design and construction of toll
plazas, maintenance centres and associated toll facilities for the M5 motorway concession in
Hungary.

Bridget Ledwaba, Intertoll Africa’s Managing Director holds a B.Com Marketing Degree from the
University of Pretoria. She has over 14 years in general management and business development
having worked for Aveng Trident Steel as General Manager and thereafter as executive for Aveng
Steel since 2012. Prior to this Bridget held various senior roles in companies such as Murray and
Roberts, ArcelorMittal, Thebe Investment and ABSA. Bridget joined Intertoll Africa in 2015 as
Managing Director and is responsible for driving a number of strategic initiatives to set this
company on a growth path.

The board thanks Jon for his contribution to the group for over nearly 13 years, the most recent
two years as exco member, and wishes him well.

The board and management team are focused on ensuring the stability of the group and its senior
team to continue driving the Group Five strategy going forward.

Johannesburg
3 April 2017

Sponsor
NEDBANK CORPORATE AND INVESTMENT BANKING

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