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MASTER DRILLING GROUP LIMITED - Change in Audit Firm due to Merger

Release Date: 03/12/2018 07:05
Code(s): MDI     PDF:  
Wrap Text
Change in Audit Firm due to Merger

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
(“Master Drilling” or the “Company”)


Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements
(“JSE LR”) that the Company has been informed by its audit firm, Grant Thornton
Johannesburg Partnership, that there has been a change in its network firm membership
from Grant Thornton to BDO.

The change was initiated, following the merger of Grant Thornton Johannesburg Partnership
and BDO South Africa Inc on 1 December 2018.

Accordingly, the audit firm of the Company is now BDO South Africa Inc (“BDO”) and the
designated audit partner, Jacques Barradas, will remain unchanged.

The Audit and Risk Committees of the Company will in due course follow the process
detailed in paragraph 3.84(g)(iii) of the JSE LR, as the Company is deemed to be appointing
BDO for the first time. This process will be completed before BDO signs its next audit report.

3 December 2018

Investec Bank Limited


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