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ASA ABSP
AMAGB ABSP
Absa / Absa Bank - Retirement Of Absa Bank Limited Executive Directors And
Change In The Absa Group Executive Committee
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
RETIREMENT OF ABSA BANK LIMITED EXECUTIVE DIRECTORS AND CHANGE IN THE ABSA GROUP
EXECUTIVE COMMITTEE
IN ACCORDANCE WITH THE REQUIREMENTS OF PARAGRAPH 3.59 OF THE LISTINGS
REQUIREMENTS OF JSE LIMITED, THE FOLLOWING SHOULD BE NOTED:
The boards of directors of Absa Group Limited and Absa Bank Limited announce the
retirement of Absa Bank Limited Executive Directors Pieter van der Merwe and
Charles Erasmus from the Absa Bank Limited board, effective 31 December 2006
after 17 years and 28 years service respectively.
The Absa Group Executive Committee will change as follows:
Peter Mageza will become the Group Chief Operating Officer with effect from 1
December 2006. His responsibilities will include, inter alia, Information
Technology, Administration, Information Management and the property portfolio.
His current accountability for Absa Vehicle and Asset Finance will transfer to
Louis von Zeuner.
Robert East will take responsibility for the Risk and Compliance portfolio, with
effect from 1 December 2006, in addition to the Integration process.
With immediate effect, Dominic Bruynseels will take responsibility for the
Africa investments of Absa.
Enquiries:
Allan Fielder
Tel: (+2711) 350-4770
e-Mail: allanf@absa.co.za
Issued by:
Jacques Badenhorst
Investor Relations
4th floor, Absa Towers East, 170 Main Street, Johannesburg.
Tel: (+2711) 350-4061. Fax: (+2711) 350-6487
e-Mail: jacques.badenhorst@absa.co.za
Lead sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor:
Absa Capital - Corporate Finance, a division of Absa Bank Limited
Johannesburg
31 May 2006
Date: 31/05/2006 12:13:29 PM Produced by the JSE SENS Department
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