Ann: Appointment of New Chairman , page-7

Graham

Do not want to appear chary as you have contributed a lot to the changes at PPX. However in response to your reply.

>Everyone will have a chance to know about the new directors when the notice of AGM is despatched. We're not entitled to know anyone's views however common sense would suggest that Allen Gray support the appointments. Let's see how the votes fall.

That is correct but Simon Marais was very public in his comments before the EGM.

>What I've disclosed at you-know-where is that both new directors are not mates or even acquaintances of Andrew Price.

Given that it begs the question as to who recommended/ supported their appointments and why Andrew Price did not take up the chair after he tried to topple Boon.

>Schroders is an irrelevancy, and has been since EGM1. They look real smart with their exposures to PPX, GNS & HST. Who cares what they think?

I agree but my point was really about who bought the shares and what part they played in the new appointments. Another issue I did not raise is whether MBA are still influential.