SAAMBOU HOLDINGS LIMITED
Pretoria, Monday 27 August 2001. The board of directors of Saambou
Holdings Limited is pleased to announce the appointment of Mr DM Lawrence as
chairman with effect from 24 August 2001. Mr J L van den Berg has been re-
elected as deputy chairman and Messrs G R Burger, D M Nurek, and B Tapnack
have been officially appointed as non-executive directors with effect from
16 August 2001.
Saambou announced on 19 July 2001, that it intended to obtain regulatory
approval to reconstitute the board pursuant to Investec Holdings' decision
to retain their shareholding in Saambou. The necessary statutory permission
has been obtained and the newly appointed executives; Messrs Lawrence,
Burger, Nurek and Tapnack will replace the former Fedsure Holdings directors
who resigned on 23 August 2001.
Johan Myburgh, Group Chief Executive of Saambou says: "Saambou will benefit
greatly from the knowledge of the newly appointed executives. Saambou's
management is looking forward to the valuable input they will provide at
board and corporate business level."
ends.
Equiries
Ms Suzette Plantema
General Manager, Corporate Communications
Saambou Holdings Limited
Tel 27 12 - 421 5119
Issued by
Signatures Investor Relations (Pty) Limited
Tel 27 11 - 783 4999
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