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Tue 8 Sep 2009, 14:02 SKY - Sea Kay Holdings - Resignation Of CEO
SKY
SKY                                                                             
SKY - Sea Kay Holdings - Resignation Of CEO                                     
SEA KAY HOLDINGS LIMITED                                                        
(Registration number 2006/004967/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE code: SKY                                                                   
ISIN: ZAE000102380                                                              
("Sea Kay" or "the company")                                                    
RESIGNATION OF CEO                                                              
Notification is hereby given that Sea Kay`s current CEO, Mr. Corne Kruger, has  
resigned as Chief Executive Officer and as an Executive Director of the group,  
with immediate effect.                                                          
As one of the founders of Sea Kay, Mr. Kruger will remain a significant         
shareholder in the company.                                                     
The board wishes Mr Kruger every success in the future.                         
Shareholders are advised that Mr Farid Hartnick has been appointed as the       
group`s new Chief Executive Officer.                                            
Mr. Hartnick is a qualified quantity surveyor with more than 30 years`          
experience in the building and construction related industry.  He acted as      
Commercial Director for Stocks Building Africa and also served on the Executive 
Committee.  He was responsible for the group`s cash flow management, guarantee  
facilities and as an Executive Committee manager played a strong role in        
directing policy and strategy for the Group.                                    
He has extensive hands-on experience in successfully managing multiple          
subsidiaries.  Apart from his vast experience in the building and related       
industry, he has a good working knowledge of the challenges of affordable       
housing, having been previously accountable for one of those business units.    
8 September 2009                                                                
Johannesburg                                                                    
Sponsor                                                                         
Vunani Corporate Finance                                                        
Date: 08/09/2009 14:02:01 Produced by the JSE SENS Department.                  
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