Durban Roodepoort Deep, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
(Share code: DUR)
(ISIN: ZAE 000015079)
(ARBN number 086 277 616)
(NASDAQ Trading Symbol: DROOY)
("DRD" or "the company")
UNANIMOUS SUPPORT FOR DRD'S WELLESLEY-WOOD
At a special meeting of the Board of Durban Roodepoort Deep, Limited
yesterday (5.3.02), Mark Wellesley-Wood received the directors' unanimous
support to continue in his capacity as the company's Chairman and Chief
Executive Officer.
The board also resolved unanimously to continue to support his application
for a work permit to perform his duties in South Africa, and to support any
application to review the purported prohibition imposed on him from re-
entering South Africa pending the outcome of his work permit application.
The company is satisfied that both it and Wellesley-Wood have at all times
complied with applicable laws in this regard.
Wellesley-Wood will continue to direct the company from overseas and is in
real time contact with all of his management team.
Based on an assurance given by the Minister of Home Affairs during a radio
interview on Monday evening that he will personally review the circumstances
behind Wellesley-Wood's prohibition, the company's attorneys, Bowman
Gilfillan, are of the view that this matter will be satisfactorily resolved
within a relatively short time.
Charles Valkin of Bowman Gilfillan has been unanimously appointed as an
Alternate Director for Wellesley-Wood.
Queries: James Duncan, 27 82 892-8052 (cell)
Johannesburg
6 March 2002
Sponsor
Standard Corporate & Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
