ALEXANDER FORBES GROUP HOLDINGS LIMITED - Directorate change: Dr D Konar
AFH 201712080061A
Directorate change: Dr D Konar
Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
("the Company" or "Alexander Forbes" or "the Group")
DIRECTORATE CHANGE: DR D KONAR
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are
advised that Dr D (Len) Konar has submitted his resignation as an independent non-executive
director on the Company’s Board with immediate effect. Dr Konar will therefore also resign from his
position as Chairman of the Audit Committee.
Dr Konar took the decision in view of recently published reports concerning developments at
Steinhoff International Holdings NV ("Steinhoff"), where he serves as Deputy Chairman of the
Supervisory Board.
Dr Konar believes his decision to step down from the Board of Alexander Forbes to be the correct
course of action for himself, Alexander Forbes, its clients and shareholders at this stage. He
believes the time required of him in attending to matters at Steinhoff may potentially impede his
capacity as a Board member of Alexander Forbes. The Company supports this decision.
The Board wishes to thank Dr Konar for his immense contribution and counsel as an independent
director since 1 February 2008, and wishes him well for the future. The Company will begin the
process of identifying his replacement.
Carina Wessels
Group Company Secretary
8 December 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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