MATODZI, NOT BRETT KEBBLE FUNDED HOUSE AND CAR FOR
MATODZI, NOT BRETT KEBBLE FUNDED HOUSE AND CAR FOR MP
Matodzi Resources Limited
Registration number: 1933/004523/06
Share code: MTZ
ISIN: ZAE000042412
ISSUED BY MATODZI RESOURCES
AUGUST 26, 2004
MATODZI, NOT BRETT KEBBLE FUNDED HOUSE AND CAR FOR MP
Mr Sello Rasethba, chief executive officer of Matodzi Resources, said it was
Matodzi Investment Holdings which gave a house and a car to MP Andrew
Mlangeni, and not JCI CEO, Brett Kebble, as has been reported in the media.
A statement to that effect made by Mr Mlangeni and reported in the media was
inaccurate.
`The house and the car were a gift from Matodzi Investment Holdings (Pty) Ltd,
a private shareholder in Matodzi Resources, and not from Mr Kebble,`
he confirmed.
Matodzi Investment Holdings is a non-listed company with a significant
shareholding in listed entity, Matodzi Resources.
Mr Rasethaba is a shareholder of Matodzi Investment Holdings, but neither
Brett Kebble, nor JCI, holds any shares. The confusion arose said Mr Rasethaba,
because Mr Kebble, a director of Matodzi Resources, was mandated by the board
to make the offer to Mr Mlangeni in recognition of his value to the company.
`The shareholders of the private company agreed that it was to the advantage of
Matodzi Resources to secure the chairmanship of Mr Mlangeni as his vision and
leadership would be a major asset to the group as a whole,` said Rasethaba.
FOR FURTHER INFORMATION PLEASE CONTACT TAINE ASHFORD ON 083 781 9190
26 August 2004
Date: 26/08/2004 05:55:13 PM Produced by the JSE SENS Department
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