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SABVEST LIMITED - Appointment of director and changes to board committees

Release Date: 04/12/2019 17:43
Code(s): SBV SVN     PDF:  
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Appointment of director and changes to board committees

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N Ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest”)

APPOINTMENT OF DIRECTOR AND CHANGES TO BOARD COMMITTEES

Shareholders are referred to the announcement released on the Stock Exchange News Service on 20
November 2019 advising of the retirement of Mr Nigel Hughes as a non-executive director of Sabvest,
with effect from 31 December 2019.

The Board is pleased to announce the appointment of Mr Kuben Pillay (59) BA LLB (Wits) MCJ (Howard
School of Law, USA) as an independent non-executive director of Sabvest, with effect from 1 January 2020.
He will also join the Remuneration, Nominations and Social and Ethics Committees.

Kuben’ s wide ranging experience includes serving as Managing Financial Partner of attorneys Cheadle
Thompson and Haysom, a founding executive director of Mineworkers Investment Company Proprietary
Limited (MIC) and subsequently non-executive chairman of MIC. He has served as chief executive officer,
subsequently executive chairman and thereafter non-executive chairman of Primedia Limited and, more
recently, has been independent non-executive chairman of Cell-C Limited. Kuben is currently an
independent non-executive director of Transaction Capital Limited and of the OUTsurance Group of
companies.

The Board welcomes Kuben to Sabvest and looks forward to his contribution.

Sandton
4 December 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04-12-2019 05:43:00
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