Corobrik Staff Trust

Corobrik's Staff Trustees heralds and exciting future for the company

On 30th June 2008, all administrative details were concluded for the re-organisation of the share holding of Corobrik to include all Corobrik‘s employees with more than a year’s service.

“The placement of 26% of Corobrik (Pty) Ltd into our employee’s hands through the Corobrik’s staff trust is a landmark occasion for the company. Significantly this transaction provided for two historically disadvantage employee trustees to be voted onto the Corobrik Board” said Peter du Trevou, Chairman of Corobrik.

Corobrik Avoca employees receive their Share Certificates

Corobrik Staff Trustees Inaugural Meeting

Employee elected trustees, Anthony Matlala and Levy Mashishi attend their first board meeting.

Directors from left to right : Peter Amm, Antony Matlala, Chris Dickinson, Levy Mashishi and Sthe Sosibo Seated : Joshua Thessal, Peter du Trevou and Dirk Meyer

The share allocation effectively raised the control of the company in historical disadvantaged South African hands (HDSA) to 53.3%

	COROBRIK’S OWNERSHIP PROFILE FEBRUARY 2009
	Corobrik 100 %
Main Street 74%		Corobrik Staff Trust 26%

Historically Disadvantaged South Africans (HDSA’s) hold 53,30% of Corobrik Share Equity as follows:

AKA Capital	(25.01% of 74%)	= 18,51%
Investec (JSE listed)	(11.58% of 74%)	= 8,79%
Corobrik Staff Trust		= 26.00%
TOTAL HDSA Control		= 53,30%