Metropolitan Holdings Ltd - Resignation Of Non-Executive Director
Metropolitan Holdings Ltd
(Incorporated in the Republic of South Africa)
Registration number: 2000/031756/06
JSE code: MET
NSX code: MTD
ISIN code: ZAE000050456
(`Metropolitan` or `the company`)
RESIGNATION OF NON-EXECUTIVE DIRECTOR
In compliance with section 3.59 of the Listings Requirements of the JSE
Securities Exchange South Africa, notification is hereby given that Mrs I
Charnley, an independent non-executive director, resigned from the board of the
company with effect from 2 December 2004.
Mrs Charnley has advised the board that her extensive executive role at MTN
makes it increasingly difficult for her to fulfil the demands of a non-executive
director at Metropolitan. Mrs Charnley was also the chairperson of the HR and
Empowerment Committee as well as being Chairperson of the Ad Hoc Committee which
lead the empowerment transaction with Kagiso. As the deal with Kagiso is now
complete, Mrs Charnley feels that this is an appropriate time for her to make
this decision.
The board of Metropolitan would like to thank Mrs Charnley for the considerable
contribution she has made to the board while being a director and wish her every
future success.
Cape Town
3 December 2004
Sponsor
Merrill Lynch South Africa (Pty) Limited
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