7th Mar 2007 08:00
Barclays PLC07 March 2007 ABSA GROUP LIMITED ABSA BANK LIMITED(Incorporated in the (Incorporated in the Republic of South Africa) Republic of South Africa)(Registration number: 1986/003934/06) (Registration number: 1986/004794/06)ISIN: ZAE000067237 ISIN: ZAE000079810JSE share code: ASA JSE share code: ABSPIssuer code: AMAGB (Absa Bank)(Absa, Absa Group or the Group) PROF. GILL MARCUS APPOINTED TO SUCCEED DR. DANIE CRONJE AS INDEPENDENT CHAIRPERSON OF ABSA GROUP AND ABSA BANK Absa Group and Absa Bank announce the following changes to their boards. Prof. Gill Marcus has been selected by the Absa board to succeed Dr. DanieCronje as chair of Absa Group and Absa Bank. Her appointment will be effectivefrom 1 July 2007, subject to regulatory approval. Dr. Cronje will step down aschairman on 1 July 2007, but will remain as a director of Absa Group and AbsaBank until the end of July, to facilitate a smooth handover. Prof. Marcus is former Deputy Minister of Finance and former Deputy Governor ofthe South African Reserve Bank. She is currently Executive Chairperson ofWestern Areas Limited and Professor in Policy, Leadership and Gender Studies atthe Gordon Institute of Business Science (GIBS). The appointment of Prof. Marcus follows an announcement by Absa in April 2006that Dr. Cronje had informed the respective boards of his decision to retire aschairman and a director of the Group and the Bank. Absa announced at the timethat it had initiated a process to select a successor to Dr. Cronje and that thenew chairperson would be an independent appointment. Dr. Cronje will continue tosit on the board of Barclays PLC. EnquiriesDanie CronjeGroup chairman(+2711) 350-4235e-Mail: [email protected] Issued by:Jacques BadenhorstHead: Investor RelationsAbsa Group Limited4th floor, Absa Towers East, 170 Main Street, JohannesburgTel: (+2711) 350-4061 Fax: (+2711) 350-6487e-Mail: [email protected] Lead sponsor:Merrill Lynch South Africa (Proprietary) LimitedCo-sponsor:Absa Capital - Corporate Finance, a division of Absa Bank Limited Barclays PLCFor further information, please contact: Investor Relations Media RelationsMark Merson/James Johnson Jason Nisse/Alistair Smith+44 (0) 20 7166 5752/2927 +44 (0) 20 7116 6223/6132 Johannesburg7 March 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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