Release Date: 17/08/2017 11:00
Code(s): MUR
Wrap Text
Changes to the Board

(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN Code: ZAE000073441
(“Murray & Roberts” or the “Company”)


Shareholders are referred to the announcement published on the Stock Exchange News
Service of the JSE Limited (“JSE”) on 29 June 2017, wherein the Company stated that
Mahlape Sello and Dave Barber would be retiring as directors at the conclusion of the 2017
Annual General Meeting and that a comprehensive process was underway to appoint new
non-executive directors to the board of directors.

In compliance with paragraph 3.59 of the Listings Requirements of the JSE, Murray & Roberts
is pleased to announce the following appointments as independent Non-Executive Directors,
with effect from 23 August 2017:

   -   Diane Radley
   -   Alex Maditsi
   -   Emma Mashilwane

Diane is a Chartered Accountant and began her career at PwC where she ultimately became
Partner-in-charge of the Transaction Services Group, specialising in acquisition due diligence
and listings. She has been the Chief Financial Officer at Altron and later Old Mutual South
Africa. She became Chief Executive Officer of Old Mutual Investment Group in 2011 and
remained in this role until October 2016. She was a finalist in the 2001 Businesswomen’s
Association, Business Woman of the Year awards and was voted Africa’s Leading Woman in
Business in 2015 by African Investor (New York). Diane currently serves as non-executive
director of Old Mutual Real Estate Holdings Ltd, is the Chairman of Marriott Unit Trust
Company Ltd and is a Trustee of the DG Murray Trust.

Alex is a lawyer and is the Managing Director of Copper Moon Trading (Pty) Ltd. Previously,
he was employed by Coca-Cola South Africa as a Franchise Director for South Africa. He was
Country Manager for Kenya, Senior Director: Operations Planning and Legal Director for
Coca-Cola Southern and East Africa. Prior to joining Coca-Cola, Alex was the Legal Director
for Global Business Connections in Detroit, Michigan. He also spent time at Lewis, White and
Clay, The Ford Motor Company and Schering-Plough in the USA, practising as an attorney.
Alex was a Fulbright Scholar and a member of the Harvard LLM Association. Alex’s
directorships include Bidvest Group Limited, African Rainbow Minerals Limited and Sterling
Debt Recoveries (Pty) Ltd.

Emma is a Chartered Accountant and is currently the Head of Risk Advisory Services at
Nkonki Incorporated. She completed her articles and worked at KPMG, before taking up Chief
Financial Officer positions at Carl Zeiss Optronics and subsequently at Masana Technologies.
Emma serves as a non-executive director of Tiger Brands Ltd and is a member of the Audit
Committee. She previously served as a non-executive director of Total Coal South Africa (Pty)
Ltd and chaired the Audit & Risk Committee as well as the Social and Ethics Committee.


The board is also pleased to announce that Ralph Havenstein, current independent non-
executive director of Murray & Roberts, has been appointed as lead independent director with
immediate effect.

17 August 2017

Sponsor: Deutsche Securities (SA) Proprietary Limited

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