ESOR LIMITED - Changes to the Board Resignation of Independent Non-Executive Director and Lead Independent Non-Executive Director

Changes to the Board – Resignation of Independent Non-Executive Director and Lead Independent Non-Executive Director

ESOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
JSE code: ESR
ISIN: ZAE000184669
(“Esor” or “the company”)


CHANGES TO THE BOARD – RESIGNATION OF INDEPENDENT NON-
EXECUTIVE DIRECTOR AND LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors of Esor (“the Board”) hereby notifies
shareholders of the following resignations:

•   Dr Oswald Franks has resigned as independent non-executive
    director and lead independent non-executive director of the
    company with effect from 12 November 2018. Ossie has been a
    pillar of strength since joining the Group in August 2014
    and has brought the wisdom of the industry into every
    possible situation.

•   Reneiloe Masemene has resigned as independent non-executive
    director of the company with effect from 12 November 2018.
    Reneiloe joined Esor as a non-executive director in August
    2016 bringing with her not only legal, social and
    theoretical skills but also practical experience gained
    during her employment in the mining industry.


The Board takes this opportunity to express their appreciation
to Ossie and Reneiloe and extends its best wishes for their
future endeavours.


Germiston
13 November 2018

Sponsor
Vunani Corporate Finance

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