SANLAM LIMITED -SANLAM LIMITED - CHANGES TO SANLAM"S BOARD OF DIRECTORS
SANLAM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1959/001562/06)
Share code: SLM
ISIN code: ZAE 000028262
"Sanlam" of "the company"
CHANGES TO SANLAM"S BOARD OF DIRECTORS
The Chairman of Sanlam Limited, Mr T (Ton) Vosloo, today announced that he will
retire as non-executive director and chairman at Sanlam"s AGM in June 2004 when
a new chairman will be appointed. Mr Vosloo was appointed chairman after the
late Marinus Daling retired in December 2001 and has served on Sanlam"s Board
since 1989.
The Board also announced that Mr JPL (Johan) Alberts, Ms DNM (Dawn) Mokhobo,
Prof AF (Andre) Perold and Mr PEI (Peter) Swartz would step down as non-
executive directors on 31 December 2003.
Sanlam announced an empowerment transaction earlier today with Ubuntu-Botho
Investments Limited ("Ubuntu-Botho") and that Mr PT (Patrice) Motsepe will be
appointed as non-executive deputy chairman of Sanlam"s Board. He will take up
that position on completion of the transaction and Ubuntu-Botho, in consultation
with the Sanlam Board, will be entitled to nominate two further representatives
to the Sanlam Board at that time. Mr Motsepe has indicated that he will not be
available as non-executive chairman of the Board when Mr Vosloo retires.
In addition to these appointments, the Board also announced today that Advocate
F A (Fran) du Plessis, Director of LDP Inc. in Stellenbosch and Professor M M M
(Manana) Bakane-Tuoane, Director-General of the Office of the Premier, North
West Province, have been appointed as non-executive directors from 1 January
2004.
Advocate du Plessis is also a non-executive director of the IDC (Chairperson of
the Audit Committee), KWV, KWV International, and Naspers (member of the Audit
Committee). Professor Bakane -Tuoane is also a non-executive director of Harmony
and she has extensive experience in economic development and transformation.
Further appointments in current vacancies and committee memberships will be
announced in due course.
Sponsor:
JPMorgan
Thursday,
04 December 2003
Date: 04/12/2003 11:04:03 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
SANLAM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1959/001562/06)
Share code: SLM
ISIN code: ZAE 000028262
"Sanlam" of "the company"
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