APPOINTMENT OF DIRECTORS AND CHANGES TO THE BOARD
Following the approval by shareholders and completion of all remaining
conditions precedent of the acquisition of Tasslelane Investments (Proprietary)
Limited from Community Investment Holdings (Proprietary) Limited (as announced
on SENS on 17th June 2003), the following information is disclosed in compliance
with rule 3.67 of the JSE Listings requirements:
The appointment of Dr A T M Mokgokong and Messrs M J Madungandaba and S D C
Masuku as directors of Jasco with immediate effect was confirmed on 26 June
2003.
The responsibilities of the Board of Jasco will be reconstituted after the
Annual General Meeting on 2nd July 2003 with Dr Anna Mokgokong assuming the role
of non-executive Chairperson, Theo Rutstein becoming non-executive Deputy
Chairperson, Joe Madungandaba becoming the executive director, Marketing and
Sakhile Masuku serving as a non-executive director. The current Jasco directors
will remain in office.
Further details and CV"s of each director can be found on the company"s website:
www.jasco.co.za
Woodmead
27th June 2003
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