Media releases

DRD suspends Roger Kebble as Executive Director

Details

Published: Monday, 04 March 2002 02:00

Durban Roodepoort Deep, Limited (DRD) this morning (04.03.02) suspended Executive Deputy Chairman Roger Kebble from his executive functions with immediate effect. 090/02-jmd

Durban Roodepoort Deep, Limited (DRD) this morning (04.03.02) suspended Executive Deputy Chairman Roger Kebble from his executive functions with immediate effect.

Mr Kebble remains on the DRD Board and is free to execute his duties as a Director of DRD.

The letter to Mr Kebble was signed on behalf of DRD Chairman and Chief Executive Officer Mark Wellesley-Wood, who is in London and has been advised by the South African Department of Home Affairs that he will not be permitted to re-enter South Africa.

In the letter, Mr Wellesley-Wood refers to:

• a DRD investigation, nearing completion, into the RAWAS transaction (ref: DRD media release issued earlier today, 4.3.02), which resulted in substantial losses for the company; and
• Mr Kebble’s role in the transaction.

In terms of the suspension Mr Kebble has been advised he:

• must discontinue with immediate effect all of his executive functions on behalf of the company;
• may not come on to DRD’s premises; and
• may not contact any of DRD’s employees and/or contractors except for the Company Secretary in respect of his duties as Non-executive Director.

Queries:
James Duncan
27 11 82 892 8052 (mobile)