CARGO CARRIERS LIMITED - Appointment of Chief Executive Officer

Appointment of Chief Executive Officer

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company")


APPOINTMENT OF CHIEF EXECUTIVE OFFICER


In compliance with section 3.59 of the Listings Requirements of the Johannesburg Stock Exchange, the board
of directors of Cargo Carriers is pleased to announce the appointment of Mr Lekau (Solly) Letsoalo as Chief
Executive Officer and an executive director of Cargo Carriers with effect from 8 January 2018.

Solly is a senior business executive with extensive and varied executive and board level experience having
worked as Managing Director of Aveng Manufacturing, Chief Operating Officer of Transnet Port Terminals,
and Director, Inbound Logistics at Nampak. He is a dynamic and successful leader with strong strategic
leadership experience and a track record of delivering shareholder value, both in South Africa and
internationally.

Mr Murray Bolton remains available to the company to ensure a smooth leadership transition.

The board welcomes Solly to Cargo Carriers and looks forward to working with him to steer the business
towards its next stage of growth and profitability.

Johannesburg
18 October 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

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