ACC
ACC
Across - Directors" Appointment Announcement
ACC-ROSS HOLDINGS LIMITED
(Formerly Le-Sel Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/000059/06)
Share code: ACC ISIN: ZAE000077335
("AccRoss" or "the company")
APPOINTMENT TO THE BOARD OF DIRECTORS
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
the board of directors of Acc-Ross is pleased to announce the appointment of Mr
Andre Wiese to the board with effect from 28 February 2006.
Andre has fifteen years experience in property sales and development,
specialising in residential property with a particular focus on sectional title
complexes, housing and golf estates. He has been involved in the development of
numerous cluster and sectional title developments, both in Kwa-Zulu Natal and in
Gauteng. As a professional golfer, Andre has a particular interest in the
development and marketing of golf estates and has played an integral role in the
development, conceptualisation and marketing of the Rockridge Golf Estate, the
Lizard Point development on the Vaal Dam and the Ponds development in
Muldersdrift. Andre is a director of Accretio Property Development (Pty) Ltd, a
subsidiary of Acc-Ross Holdings Limited as well as the JPA Group (Pty) Ltd.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on the AltX and that the JSE does not
guarantee the viability or the success of a company listed on the AltX. In
terms of the JSE Listings Requirements, a Designated Advisor has to be retained
by the company. The Designated Advisor is required, inter alia, to attend all
board meetings held by the company to ensure that all the JSE Listings
Requirements and applicable regulations are complied with, approve the financial
director of the company and guide the company in a competent, professional and
impartial manner. If the company fails to retain a Designated Advisor it must
make arrangements to appoint a new Designated Advisor within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Advisor is not appointed within 30 days of its suspension, the
company faces the termination of its listing without an offer to minorities.
Johannesburg
03 March 2006
Designated Advisor
Arcay Corporate Services
Date: 03/03/2006 05:31:40 PM Produced by the JSE SENS Department
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