Peregrine Holdings Limited
(Reg no 1994/006026/06)
("the company")
ANNOUNCEMENT REGARDING CHANGES TO THE BOARD OF DIRECTORS OF THE COMPANY
The company hereby gives notice in terms of the Listings Requirements of the
JSE Securities Exchange South Africa that the following changes have been
effected to the board of directors of the company ("the board") -
1. in accordance with the company's articles of association, Messrs B Gerson
(who served in a non-executive capacity) and G W P Kloppers (who served in
an executive capacity) were retired as directors of the company and have not
been re-elected to the board. Both Messrs Gerson and Kloppers had previously
made the decision to emigrate, Mr Gerson having settled abroad during the
course of February 2000 and Mr Kloppers intending to emigrate abroad during
the course of 2001;
2. Mr G L Kretzschmar has resigned as an executive director of the company
with effect from 24 May 2001. Mr Kretzschmar, who previously served as
Financial Director of the Standard Bank of Southern Africa Limited (Retail
Banking Division), resigned his directorship in order to accept the position
of Chief Executive Officer at ABSA subsidiary, Unifer;
3. Mr J Hertz has been appointed as an executive director of the company
with effect from 24 May 2001. Mr Hertz is a qualified actuary who
previously served as Managing Director of Safrican Insurance (Pty) Ltd and
who will replace Mr Kretzschmar as an executive director of the Peregrine
group;
4. Advocate L Harris has been appointed as a non-executive director of the
company with effect from 24 May 2001.
Peregrine Holdings Limited
Sandton
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