/ 28 April 2000

BOLAND EXECUTIVES RESIGN

MANAGING Director of Boland PKS Riaan Stassen and its financial director Andre du Plessis have resigned, the Business Day reports. Their resignations are being linked to clashes between executives from Boland and from holding company BoE. According to the paper the differences relate to future stategies for Boland PKS and an enquiry by BoE into four Boland executives. BoE CE Tom Boardman told the paper the inquiry relates to procedures and governance in Boland PKS. Stassen said the inquiry relates to a property deal and no irregularities have been found to have taken place.