Board of Directors

		DM Nurek Independent Non-executive Chairman, Chairman of Governance and Remuneration committees Aged 53. Appointed to the board in June 1997. Dip Law (UCT), Grad Dip Company Law (UCT). Non-executive chairman of Distell Group Ltd, non-executive deputy chairman of Foschini Ltd, and, inter alia, non-executive director of Aspen Pharmacare Holdings Ltd, Comparex Holdings Ltd, Kersaf Investments Ltd, Pick ’n Pay Stores Ltd and Trencor Ltd. Prior to joining Investec in June 2000, he practised as an attorney at law with Sonnenberg Hoffmann Galombik for 32 years.
		TC Honneysett Executive Director, Group Leader Aged 55. Appointed to the board in March 1996. Joined the group in 1971 as a management trainee. In 1973 he was appointed branch manager, and then regional manager later that year. Between 1976 and 1987 he gained experience in merchandising and assumed general management responsibilities for a national store base. In 1987 he was appointed managing director of the Clicks Stores division, and then chief executive of the Clicks Group Ltd in 1988. When New Clicks Holdings acquired the businesses of the Clicks Group and listed on the JSE Securities Exchange South Africa in 1996, he was appointed chief executive of the group.
		RB Godfrey Executive Director, Merchandise Leader Aged 55. Appointed to the board in March 1996. Joined the group in 1970. In 1976 he was appointed as senior buyer and in 1987 was appointed merchandise director for Clicks Stores. In August 1995, he was appointed managing director of Clicks Stores, growing the business to 225 stores. He was appointed as joint country leader of New Clicks South Africa in 2001, and after a restructuring in 2002, was asked to take on the role of group merchandise leader.
		E Osrin Independent Non-executive Director, Chairman of the Audit committee Aged 71. Appointed to the board in March 1996. Registered attorney. Non-executive chairman of Foschini Ltd and non-executive director of Atlas Properties Ltd and Allan Gray Property Trust, as well as other unlisted companies.
		JC Sher Executive Director, Country Leader Australia Aged 45. Appointed to the board in August 2001. BA (Sydney), MBA (Macquarie). Joined Priceline in 1993, and after the acquisition by New Clicks, was appointed director, assuming responsibility for the operations and organisational development of the business. He was appointed managing director of Priceline in August 2000, and in December of the same year, when the House business was acquired, he was appointed country leader of New Clicks Australia.
		PEI Swartz Independent Non-executive Deputy Chairman Aged 62. Appointed to the board in June 1997. Ad Dip Ed. Executive director of Peter Swartz Properties (Pty) Ltd, chairman of Sunwest International (Pty) Ltd and a non-executive director of Absa Group Ltd, Distell Ltd, Ellerine Holdings Ltd and Sanlam Ltd.
		A Zimbler Non-executive Director Aged 54. Appointed to the board in October 2001. BA Hons (Psychology), MBA, PhD (Witwatersrand). Joined Investec Group in 2001, where he is Chief Integration Officer of the group, based in London. Prior to joining Investec, he was a Strategic Management consultant and previously a Professor of Business Administration at the Wits Business School.