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ESR - Esorfranki Limited - Changes to subsidiary boards of directors

Release Date: 07/07/2009 08:35:00      Code(s): ESR
ESR - Esorfranki Limited - Changes to subsidiary boards of directors            
ESORFRANKI LIMITED                                                              
(formerly Esor Limited)                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/000732/06)                                            
JSE code: ESR                                                                   
ISIN: ZAE000133369                                                              
("Esorfranki" or "the group")                                                   
PRESS RELEASE                                                                   
CHANGES TO SUBSIDIARY BOARDS OF DIRECTORS                                       
Following the revision of the group`s board of directors in February 2009,      
Esorfranki made a number of new appointments at subsidiary board level. These   
appointments are in line with the strategy to streamline reporting structures   
and realign group operations following the acquisitions of Patula Construction  
(Pty) Limited and Shearwater Plant Hire (Pty) Limited in late 2008.             
Roy McLintock (56), Managing Director of Franki Africa (Pty) Limited for the    
past ten years, was appointed Managing Director of Esor Africa (Pty) Limited    
with effect from 1 May 2009. This position will strategically align the group`s 
two geotechnical operating entities into one business unit - Esorfranki         
Geotechnical - within the larger civils construction group.                     
Bruce Atkinson (32) was appointed to the board of Esor Africa (Pty) Limited as  
Financial Director with effect from 31 May 2009. Bruce was a partner at RSM     
Betty and Dickson (Durban) prior to joining Esorfranki in August 2008.  He was  
involved with the Esorfranki annual audit since 2001.                           
Richard Maynard (45) was appointed as Managing Director of Esorfranki Civils    
(Pty) Limited ("Esorfranki Civils" formerly Patula Construction (Pty) Limited), 
with effect from 31 May 2009.  Richard originally joined Patula Construction in 
1996.  He succeeds Andrew Brookstein in the role, who will remain as a director 
on the Esorfranki Civils board.                                                 
Mark Green (38), Tinus Grobler (47) and Eric Stockter (43) were appointed as    
directors to the board of Esorfranki Civils with effect from 31 May 2009.       
Collectively they have 20 years service with Esorfranki Civils.                 
Esorfranki is confident the new appointees will continue to add significant     
value in their new roles and help drive growth going forward.                   
The board of Esorfranki wishes all the new subsidiary board directors a long and
successful career with the group.                                               
7 July 2009                                                                     
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 07/07/2009 08:35:00 Supplied by www.sharenet.co.za                     
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