| Mon 8 Nov 2004, 15:08 | | Additional Information On Changes To Board |
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Super Group - Additional Information On Changes To Super Group`s Board Of
Directors
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
(`Super Group`)
ISIN number: ZAE000011334
Share code: SPG
ADDITIONAL INFORMATION ON CHANGES TO SUPER GROUP`S BOARD OF DIRECTORS
Shareholders of Super Group are advised that Peter Malungani, CEO of Peu Group,
has replaced Phillip Vallet as non-executive chairman as was agreed in terms of
Super Group`s recent black empowerment transaction. Phillip Vallet will replace
Sam Abrahams as non-executive deputy chairman. Sam Abrahams will remain a non-
executive director and chairman of the Group Audit Committee. The board of
directors has been strengthened with the appointment of Dhevendren Dharmalingam,
Peter Granat and Philip Smith as executive directors and Bhekisisa Shongwe and
Busi Tshili as non-executive directors.
Peter Malungani
Peter Malungani, executive chairman and founder of Peu Group of companies. He is
a director of numerous public companies, which include, inter alia, Chairman
Phumelela Gaming and Leisure Limited, Investec Limited, Investec PLC, Investec
Bank, Deputy Chairman Capital Alliance Life and is an advisor to a number of
government and non-governmental organizations. He was appointed to Super Group`s
board of directors in 2001.
Dhevendren (Dheven) Dharmalingam
Dheven qualified as a Chartered Accountant (South Africa) in 1990. In 1998 he
was promoted to a partner at KPMG. Dheven served a diverse portfolio of clients
that included large listed, global multinationals and parastatals. These
included Discovery Holdings, Super Group, Adcock Ingram Limited, Sara Lee,
Halliburton, Robert Bosch and SABC. He joined Super Group on 1 April 2004 as
Group Finance Executive.
Peter Granat
Over the last 26 years, Peter Granat has founded successful businesses or
transformed failing businesses into flourishing businesses in numerous
industries, ranging from automotive parts to hard goods to fashion retail in
South Africa, United Kingdom and Hong Kong. Under his guidance, Super Group`s
automotive parts business was transformed into the industry market leader.
Philip Smith
Philip Smith qualified as a Chartered Accountant (South Africa) in 1990. He
joined the Group in 1996 and has held the position of Managing Director of Super
Groups` Supply Chain Management Division since 2002. Prior to this position, he
was managing director Super Move. Under his guidance, Super Group`s many supply
chain related businesses have been integrated into the most extensive supply
chain management offering in South Africa and today Super Group is the market
leader in this field.
Bhekisisa (Bheki) Shongwe
Prior to his appointment to the Super Group board, Bheki was deputy managing
director of FleetAfrica. He has extensive financial management and operational
experience with large organisations in the Manufacturing, Airline, Hospitality
and Leisure, Petroleum, Transport and Logistics, Financial Services and Media
and Entertainment industries. He is a director of numerous companies, including
Highveld Steel and Vanadium Corporation Limited, Primedia Limited, African Bank
Limited, African Bank Investments Limited.
Busisiwe (Busi) Tshili
Busi Tshili qualified as a chartered accountant (South Africa) in 1999. She is
currently the Financial Director of Peu Group. She has developed her financial
acumen through more than 14 years commercial experience.
Super Group`s new board composition:
Non-Executive directors Executive Directors
Peter Malungani (Chairman) Larry Lipschitz (CEO)
Phillip Vallet (Deputy Chairman) Keith Grunow
Sam Abrahams Les Johnston
Basil Greenstone Rob Ballentine
Leslie Bergman Dheven Dharmalingam
Mauro Vico Philip Smith
Glynn Cohen Peter Granat
Bhekisisa Shongwe
Busisiwe Tshili
8 November 2004, Sandton, South Africa.
Sponsor: Deutsche Securities (SA) (Pty) Limited
