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GROUP FIVE LIMITED - Appointment of Group Five CEO and Executive of Investments & Concessions

Release Date: 23/05/2017 15:25
Code(s): GRF     PDF:  
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Appointment of Group Five CEO and Executive of Investments & Concessions

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")

APPOINTMENT OF GROUP FIVE CEO AND EXECUTIVE OF INVESTMENT & CONCESSIONS

The Board of Group Five Limited is pleased to announce Mr. Themba Mosai’s appointment to the
Board as Group Chief Executive Officer and Mr. Kushil Maharaj’s appointment as Group Executive
Committee (Exco) member of Investments & Concessions with immediate effect.

As outlined in the SENS of 1 March 2017, Themba Mosai has been with Group Five for over 13 years,
three of which have been on the Exco. He has been instrumental in the growth of the Developments
business, which has focused on the identification of significant contract opportunities in target sectors
of transport, energy and real estate.

Kushil has extensive experience in real estate deal structuring and development, infrastructure
development and construction management. He worked in various roles in Group Five’s E&C cluster
for 10 years before moving to the I&C Cluster in 2004. In 2007 he joined ABSA (Barclays Africa) where
he drove the roll out of Absa’s Financial Sector Charter affordable housing commitments. Kushil re-
joined Group Five in 2011 and, under his leadership, the Group’s property business was rebranded
into G5 Properties and has progressively grown its asset base and project pipeline across the
continent.

Themba Mosai said: “I am honored to formally take the lead at Group Five as we improve performance
across our portfolio of businesses and create infrastructure solutions, delivering across the full
infrastructure life-cycle. I look forward to working with the Group Board and the highly competent
management team in place. Our immediate priorities are to deliver stakeholder value by right sizing
our construction business, effectively managing risk, executing on the voluntary rebuild programme
and leveraging our relationship with Aberdeen Infrastructure Fund to expand our concessions
business.”

In his capacity as Group CEO, Mosai will lead a management team with a long tenure and strong track
record within the Group. The team will be responsible for guiding the Group through the current
challenging operating environment and delivering on its stated strategy.

In addition to Themba and Kushil, the Group Executive Management team comprises Cristina Teixeira
-CFO, Guy Motram - Executive of Risk, John Wallace – Executive of Manufacturing, Mark Humphreys –
Executive, Construction. Peter de Vries is the Executive of the EPC business.

The Board of Directors welcomes both Themba and Kushil to their new roles. We are confident that
the Executive Management team is well positioned to lead the business forward. The search for the
Executive Director Human Resources is ongoing and an announcement will be made when the right
candidate has been identified.

Johannesburg
23 May 2017

Sponsor
NEDBANK CORPORATE AND INVESTMENT BANKING

Date: 23/05/2017 03:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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