Joint statement by the South African Reserve Bank (SARB) and Mr Pretorius

5 Apr 2011

The South African Reserve Bank and Mr Pretorius regret the unfortunate events at the 88th Ordinary General Meeting of Shareholders held in 2008, which resulted in proceedings being instituted by Mr Pretorius before the Equality Court.

Mr Pretorius is a shareholder of the Bank who actively participates in the process of ensuring good corporate governance in the institution. This statement serves, as far as Mr Pretorius and the Bank are concerned, to resolve all issues of dispute between them regarding the events at the aforesaid Ordinary General Meeting of Shareholders of the Bank.

Both parties recommit themselves to the highest standards of professionalism and ethical behaviour and to uphold the image of the SARB and its shareholders in a spirit of cooperation and understanding.

Statement issued by Hlengani Mathebula, South African Reserve Bank, April 5 2011

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