BID CORPORATION LIMITED - Changes to directorate

Release Date: 17/08/2017 17:05
Code(s): BID
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Changes to directorate

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537


In compliance with Section 3.59 of the Listings Requirements of the JSE Limited (“JSE”), Bidcorp is
pleased to announce the appointment of Mr Stephen Koseff as an Independent Non-Executive
Director, with effect from August 16 2017.

Stephen Koseff is Chief Executive Officer of the Investec Limited (“Investec”) which has dual listing on
both the London Stock Exchange and the JSE. Stephen has been with Investec for 37 years in various
capacities and has been in his current role as Chief Executive Officer since 1996. Stephen is a qualified
Chartered Accountant and holds a Masters’ Degree in Business Administration and a Higher Diploma
in Business Data Processing. In 2017 Stephen was awarded an Honorary Doctor of Commerce Degree
by the University of Witwatersrand. In addition to his directorships of Investec and Investec plc and
various other Investec subsidiaries, he is a non-executive director the South African Banking
Association. He is a current board member of Business Leadership South Africa. He is a former
Chairman of the South African Banking Association, a former non-executive director of The Bidvest
Group Limited and former director of the JSE, former member of the Financial Markets Advisory
Board, and former Chairman of the Independent Bankers Association.

Bidcorp welcomes Mr Koseff and looks forward to his valued contribution.

Date: August 17 2017

Sponsor:        The Standard Bank of South Africa Limited

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