Absa Group Limited announces

RNS Number : 9270V

Barclays PLC

20 July 2009

 



20 July 2009

Absa Group Limited and Absa Bank Limited announce Directorate Change

Shareholders are advised that Ms Gill Marcus, Chairperson of Boards of
Directors of Absa Group Limited and Absa Bank Limited, has been appointed as
Governor of the South African Reserve Bank with effect from 9 November 2009.

Ms Marcus will therefore step down as Chairperson of  both the Boards of
Absa  Group and Absa Bank  with immediate effect.

Mr. Dave Brink, currently the Deputy Chairperson of Absa will assume the
role of Chairperson of both Absa Group and Absa Bank in the interim. The
Board will follow the necessary governance process to appoint a Chairperson
and shareholders will be advised accordingly of the decision. This
appointment will, as per the Articles of Association of Absa, be confirmed
at the Annual General Meeting of shareholders in 2010.

Ms Maria Ramos, Group CE, for Absa said 'Gill has provided significant
leadership to the Group in her role as Chairperson. She will be sorely
missed for her guidance and wisdom and I wish her well in her new role.'

The Board of Absa wish to thank Ms Marcus for her inspirational leadership
and support during her tenure at Absa.


Media queries:  Happy Ntshingila
Shareholder queries:  Nerina Bodasing

 

END

 

 

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