NetActive Limited
(Registration number 1998/006000/06)
("NetActive" or "the company")
SHARE CODE : NET
ISIN CODE : ZAE000017935
RESIGNATION OF NON-EXECUTIVE CHAIRMAN
The board of directors of NetActive has announced today that Mr Colin Hall
has resigned as Non-Executive Chairman of the company with effect from
18 October 2001.
Mr Hall's appointment as Chairman arose out of the shareholders agreement,
to which Woolworths, Massmart, and Affinity Logic are parties. These
shareholders are all part of the Wooltru Limited group ("Wooltru"). As it is
Wooltru's stated intent to unbundle, it is no longer appropriate for Mr Hall
to remain as Chairman of NetActive.
Johannesburg
22 October 2001
CONTACT PERSON
Company Secretary: Kathija Jambela
NETACTIVE LIMITED
POSTAL ADDRESS: P O BOX 621, WENDYWOOD 2144
STREET ADDRESS: SANDHAVEN OFFICE PARK, 18 PONGOLA STREET, SANDTON
TEL: +27 11 719-0333 FAX: +27 11 719-0444
E-MAIL: InvestorRelations@na.co.za
DIRECTORS:
L BRICK (CEO), P BACHER (CFO), J HACKNER, L PASLOVSKY, J STASKUN, S LEGGAT*,
H ROSTOWSKY*, R VAN RENSBURG*, R INSKIP*, I DRY**, C LOWE**
* NON-EXECUTIVE
** ALTERNATE
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