ASA /ABSP - Absa - Resignation Of Tokyo Sexwale As Non-Executive Director Of
JSE ASA ABSP
ABSP AMAGB
ASA /ABSP - Absa - Resignation Of Tokyo Sexwale As Non-Executive Director Of
Absa Group And Absa Bank
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN Code: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group or Absa)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN Code: ZAE000079810
JSE share code: ABSP
(Absa Bank)
RESIGNATION OF TOKYO SEXWALE AS NON-EXECUTIVE DIRECTOR OF ABSA GROUP AND ABSA
BANK
Due to increased pressures on his time, Mr Tokyo Sexwale has resigned as a
director from the boards of Absa Group and Absa Bank with effect from 9 January
2008. Mr Sexwale was appointed in 2001 and served as a member of the Directors`
Affairs Committee (DAC), a sub-committee of the board.
He also played a key role in concluding Batho Bonke, Absa`s Black Economic
Empowerment (BEE) transaction. Batho Bonke remains a committed BEE shareholder
in Absa.
Thanking him, the Chairperson of Absa, Ms Gill Marcus, said: "Tokyo has made a
valuable contribution to the boards of Absa Group and Absa Bank over the last
seven years, particularly as a member of the DAC. His expertise will be sorely
missed."
Johannesburg
9 January 2008
Enquiries
Gill Marcus
Chairperson
(+2711) 350-4337
E-mail: gill.marcus@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 09/01/2008 16:59:56 Produced by the JSE SENS Department.
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