CARTRACK HOLDINGS LIMITED - Change to the board of directors

Release Date: 02/07/2018 17:50
Code(s): CTK
 
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Change to the board of directors

CARTRACK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
Share code: CTK
ISIN: ZAE000198305
(‘Cartrack’) or (“the Group”)

CHANGE TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59 (b) of the JSE Listings Requirements, shareholders are advised
of the resignation of an executive director and appointment of a replacement executive director, in
accordance with the Group’s succession plan, as set out below:

John Richard Edmeston, who was due to retire in April 2019, has recently relocated to Cape Town
and has decided to pursue other opportunities. He resigned from Cartrack and will accordingly,
with effect from 1 September 2018, cease to be Chief Financial Officer (“CFO”) and Deputy Global
Chief Executive Officer.

The Board thanks John for his extensive contribution over 10 years with the Cartrack Group.

Morné Grundlingh has been appointed as CFO with effect from 1 September 2018. Morné is a
qualified Chartered Accountant and a member of the South African Institute of Chartered
Accountants (SAICA) and the Institute of Chartered Accountants in England and Wales (ICAEW).
He holds a BComm (Hons) degree from the University of Johannesburg and a M.Sc. (Accounting
and Finance) from Birmingham City University. After finishing his training in 2000 at Deloitte, Morné
worked at Blackrock and Barclays in the London and Singapore offices. Morné initially joined
Cartrack in February 2017 as CFO for the Asia Pacific region.


Johannesburg
2 July 2018

Sponsor:
The Standard Bank of South Africa Limited

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