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ESR - Esor Limited - Changes To The Board

Release Date: 09/02/2009 08:42:02      Code(s): ESR
ESR - Esor Limited - Changes To The Board                                       
Esor Limited                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/000732/06)                                            
JSE code: ESR                                                                   
ISIN: ZAE000078408                                                              
("Esor" or "the company")                                                       
CHANGES TO THE BOARD                                                            
After full consultation between the company`s Executive Committee and the       
company`s Board, the directors agreed that the company`s Board should be        
streamlined for purposes of good corporate governance and in order to pursue the
next growth phase of the company. Accordingly, the following changes to the     
Board will be effected from 5 February 2009:                                    
The appointment of Mr. Malemadutje Briss Mathabathe as a non-executive director.
This appointment relates to the recent agreement entered into between the       
company and Patula Construction (Pty) Limited in terms of which Briss would be  
appointed to the Esor Board.  Briss serves as a director on a number of boards  
and is currently the Managing Director of Imbani Coal. He has extensive         
experience in all aspects of the initiation, structuring, implementation and    
operation of capital investment projects and is well-known to Government,       
parastatals, development agencies, export bodies, contractors and financiers.   
The resignations of the following executive directors:                          
Roy McLintock, Mauro Trevisani, Arthur Field and Michael Barber ("the resigning 
directors"), who will all remain within the Esor group as executive directors of
their operational entities.                                                     
The directors wish to sincerely thank the resigning directors for their         
contributions to the Board.                                                     
After the above changes, the Board will be constituted as follows:              
DM Thompson (Non-executive Chairman)                                            
B Krone (CEO)                                                                   
W van Houten (CFO)                                                              
EG Dube (non-executive director)                                                
M Hlongwane (non-executive director)                                            
Dr FA Sonn (non-executive director)                                             
MB Mathabathe (non-executive director)                                          
9 February 2009                                                                 
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 09/02/2009 08:42:02 Supplied by www.sharenet.co.za                     
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