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Absa Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
("Absa")
Share code: ASA
Issuer code: AMAGB
ISIN: ZAE 000013389
ABSA GROUP LIMITED
RESIGNATION OF EXECUTIVE DIRECTOR OF ABSA BANK LIMITED
IN ACCORDANCE WITH THE REQUIREMENTS OF PARAGRAPH 3.67 OF
THE LISTINGS REQUIREMENTS, THE FOLLOWING IS ADVISED:
Absa announces the resignation of Ms SL Botha as an executive director of Absa
Bank Limited, the Group"s principal operating company, with effect from 30 June
2003.
Santie Botha is currently executive director of Absa Bank responsible for e-
Business and Information Management, Group Strategy, Group Marketing, Card
Division, Group Payment Systems and Group Corporate and Public Affairs. She
joined Absa in April 1996.
In keeping with Absa"s practice, the portfolios managed by Santie Botha, have
been assigned to other executive directors. Given the strong management teams
in all of her portfolio areas, there is thus no need to immediately appoint an
executive director in her place. The make-up of the executive committee is
reviewed regularly and new appointments are made to strengthen the team, when
required. Given the proven success of the portfolio management approach, Absa
will continue to manage its affairs in this manner.
The portfolio which was managed by Santie Botha will be changed as follows:
Group Strategy Development and Group Marketing will report to the Deputy Group
Chief Executive, Rupert Pardoe. E-Business and Information Management, Absa
Card Division and Group Payment Systems are aligned with the technology division
already in Louis von Zeuner"s portfolio and will, from July 2003, report to him.
Israel Skosana is increasingly immersing himself in corporate affairs, which
means that Group Communication & Public Affairs is a good fit with the rest of
his portfolio.
The composition of the Absa Bank Limited board following the resignation is as
follows:
D C CRONJ (CHAIRMAN)
D C BRINK (DEPUTY CHAIRMAN)
E R BOSMAN* (CHIEF EXECUTIVE)
G R PARDOE* (DEPUTY CHIEF EXECUTIVE)
S F BOOYSEN*
D C ARNOLD
N B BAM
L BOYD
B P CONNELLAN
F J DU TOIT*
A S DU PLESSIS
C ERASMUS*
G GRIFFIN
L N JONKER
P DU P KRUGER
T M G SEXWALE
I B SKOSANA*
F A SONN
P E I SWARTZ
J P VAN DER MERWE*
T VAN WYK
L L VON ZEUNER*
* EXECUTIVE
8 MAY 2003
Sponsor
Merrill Lynch South Africa (Pty) Limited
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