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ASA
AMAGB
Absa Group Limited - Resignation Of Executive Director Of Absa Bank Limited
Absa Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1986/003934/06
("Absa" or "the Group")
JSE share code: ASA
Issuer code: AMAGB
ISIN: ZAE000067237
RESIGNATION OF EXECUTIVE DIRECTOR OF ABSA BANK LIMITED
IN ACCORDANCE WITH THE REQUIREMENTS OF PARAGRAPH 3.59 OF THE LISTINGS
REQUIREMENTS OF JSE LIMITED, THE FOLLOWING SHOULD BE NOTED:
The board of directors of Absa announces the resignation of Absa Bank Limited
executive director Israel Skosana from the Absa Bank Limited board, effective 17
February 2006. He has been a director of Absa Bank Limited, the Group"s main
operating subsidiary, since 2002. An announcement from Absa"s Group chief
executive, Steve Booysen, is set out below.
"It is with regret that I announce that Israel Skosana has decided to leave Absa
to pursue alternative career opportunities.
During his time with Absa, Israel has been passionate about the organisation and
a good colleague at the Group Executive Committee (Exco). He has made a strong
contribution to the success of the Group to date.
His current portfolio will be divided amongst several Exco members, as follows:
Group Procurement/Logistics/REAM: Sipho Mashinini will continue to run this area
reporting to Robert Emslie.
Corporate Social Investment (CSI) and Black Economic Empowerment (BEE): Riah
Phiyega, who leads the CSI and BEE portfolio, will report to Allan Fielder.
Communication/Public Relations (PR): Kenneth Clarke will continue to run this
area reporting to Allan Fielder.
Group Marketing: Happy Ntshingila and the marketing team across the Group will
report to Louis von Zeuner.
These changes to the structure will take effect immediately.
I would like to thank Israel for the valuable contribution he has made at Absa
and wish him every success with his future endeavours."
Enquiries:
Steve Booysen +27 (11) 350-3047
Allan Fielder +27 (11) 350-4770
Issued by:
Sue Steyn
Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg.
Tel: +27 (11) 350-4394. Fax: +27 (11) 350-6487
E-mail: sues@absa.co.za
Date: 17 February 2006
Lead sponsor to Absa
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor
Absa Corporate and Merchant Bank - Corporate Finance, a division of Absa Bank
Limited
Date: 17/02/2006 02:00:04 PM Produced by the JSE SENS Department
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