DURBAN ROODEPOORT DEEP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
(Share code : DUR)
(ISIN Code : ZAE 000015079)
(ARBN number 086 277 616)
(NASDAQ Trading Symbol: DROOY)
("DRD")
DRD SUSPENDS ROGER KEBBLE AS EXECUTIVE DIRECTOR
Durban Roodepoort Deep, Limited this morning (04.03.02) suspended Executive
Deputy Chairman Roger Kebble from his executive functions with immediate
effect.
Mr Kebble remains on the DRD Board and is free to execute his duties as a
Director of DRD.
The letter to Mr Kebble was signed on behalf of DRD Chairman and Chief
Executive Officer Mark Wellesley-Wood, who is in London and has been advised
by the South African Department of Home Affairs that he will not be
permitted to re-enter South Africa.
In the letter, Mr Wellesley-Wood refers to:
- a DRD investigation, nearing completion, into the RAWAS transaction
(ref: DRD media release issued earlier today, 04.03.02), which resulted
in substantial losses for the company; and
- Mr Kebble's role in the transaction.
In terms of the suspension Mr Kebble has been advised he:
- must discontinue with immediate effect all of his executive functions
on behalf of the company;
- may not come on to DRD's premises; and
- may not contact any of DRD's employees and/or contractors except for
the Company Secretary in respect of his duties as Non-Executive
director.
Queries: James Duncan 27 11 82 892 8052 (mobile)
Johannesburg
4 March 2002
Sponsor
Standard Corporate & Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
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