Vaalauto/Vaaltrucar - Resolution Of Dispute And Amendment To The Board Of
Directors Of The Companies
VAALAUTO LIMITED
(Registration number 1983/013044/06)
(Incorporated in the Republic of South Africa)
Share code: VLT
ISIN: ZAE000007746
("Vaalauto")
VAALTRUCAR LIMITED
(Registration number 1987/000988/06)
(Incorporated in the Republic of South Africa)
Share code: VCR
ISIN: ZAE000007704
("Vaaltrucar")
(Collectively "the companies")
RESOLUTION OF DISPUTE AND AMENDMENT TO THE BOARD OF DIRECTORS OF THE COMPANIES
Shareholders are referred to the announcement published on SENS on 22 November
2002 where it was advised that a dispute had arisen between the companies and
Mr. S.F. Germishuizen (senior) ("Germishuizen"). The dispute with Germishuizen,
former chairman of the companies, and entities controlled by him has now been
resolved. All actions and counter-actions relating to the dispute have been
withdrawn and Germishuizen has been appointed a non-executive director of the
companies with immediate effect.
In terms of 3.67 of the Listings Requirements of the JSE Securities Exchange
South Africa, Mr. P.K. Germishuizen has resigned as a director of Vaalauto with
immediate effect. Mr. P.K. Germishuizen remains in the employ of the companies.
The Boards of the companies now comprise the following:
Executive Directors : SF Germishuizen (junior)
CJ Esterhuizen
Non-Executive Directors : OI Goldstuck (Chairman)
GAJ Germishuizen
SF Germishuizen (Senior)
DJ Miller
Middelburg
25 August 2003
Date: 26/08/2003 08:18:04 AM Supplied by www.sharenet.co.za
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