Directors and Senior Management

1. Kennedy Maxwell, 62

Appointed to the board in 1998 and appointed chairman in 1999 A former executive director of Johannesburg Consolidated Investments Company Limited, Ken served as president of the Chamber of Mines of South Africa between 1988 and 1990. He currently serves on the board and the executive of the National Business Initiative.

Appointed to the board in 1994 and appointed CEO in 1999 Trained as a geologist, Rick has been a merchant banker in New York and Melbourne and worked in Australia as executive director: finance of Delta Gold. He joined the Company in February 1992 as assistant financial manager, mines. He was later appointed manager, finance and administration (mines) and then general manager, corporate services. Appointed managing director of Avmin Limited in 1996 and in 1999 was elected president of the Chamber of Mines. He is also deputy chairman of the South African Tourism Board (Satour), a director of Standard Bank Investment Corporation Limited, Telkom Limited and Mutual & Federal Insurance Company Limited and a trustee of the National Business Trust.

Appointed to the board in 2000 David was previously the president and chief operating officer of TVX Gold Inc. in Canada. Prior to this, he worked for RTZ plc as president and CEO of various subsidiary companies in Brazil and Portugal. He also served with this group in Spain, Germany, Wales, England, Namibia and Zimbabwe. He was awarded the OBE in 1993. David was appointed to his current position during February 2001.

Appointed to the board in 2001 Brian is a practicing attorney, notary public and conveyancer, who is a founder and senior partner of Frank Tanner Attorneys, a specialist legalpractice. He has extensive experience in the fields of commercial litigation, property and company law as well as mining and mineral law. He is a member of the Incorporated Law Society of South Africa, the Johannesburg Attorneys Association and the South African Association of Mediators.

Appointed to the board in 1999 Donn established his own law practice in 1968 and is currently the chairman of Jowell, Glyn & Marais Inc. He is a non-executive director of Investec Bank Limited and chairman of its audit committee. He also serves on the boards of a number of listed and unlisted companies with property and commercial interests.

Appointed to the board in 1998 Vincent is the corporate affairs director, South African Breweries plc and chairman of the South African Broadcasting Corporation. He previously chaired the Political Science Department at the University of the Western Cape and is also past president of the South African Political Science Association and a council member of the University of South Africa.

Appointed to the board in 1998 Brian was appointed executive director: corporate strategicdevelopment during the last year and also serves on the board of Avgold Limited. He has worked in the diamond mining and trading industries since 1988 and serves on the boards of various diamond mining, finance and trading companies in South Africa, Belgium and Canada.

9. Dr Morley Nkosi, 66

Appointed to the board in 1998 Apart from being an academic, economist and a businessman, Morley is the chairperson of the National Institute for Economic Policy and managing associate of Morley Nkosi Associates. He serves on several boards including those of Investec Group Limited and Investec Bank Limited.

Appointed to the board in 2000 Roy is currently the managing director of Norinter Financial Advisors (Proprietary) Limited, a financial advisory firm, and also serves as a director of Arctic Resources Limited. Previous experience includes corporate finance, mergers and acquisitions as well as macro economy and privatisation strategy. He has served on the boards of various companies in the following industries: telecommunications, real estate, information technology, environmental technology, luxury goods and investment banking. Roy has also completed a Masters in Statistics with majors in operational research and risk theory.

Nir Livnat, 38

BA, BSc

Appointed to the board in 2001Nir’s career has been primarily focused in the diamond industry. He is presently the managing director and chief executive officer of the Steinmetz group of companies, the world’s leading diamond ‘sight-holder’, and of its South African subsidiary, Ascot Diamonds (Proprietary) Limited. Nir is a past chairman of the Master Diamond Cutters Association and is currently vice chairman of the International Diamond Manufacturers Association. He is also a past member of the National Economic Forum of the African National Congress.

AUDIT COMMITTEE

Kennedy Maxwell (Chairman)

Donn Jowell

Rick Menell

Morley Nkosi

Roy Oron

REMUNERATION COMMITTEE

Kennedy Maxwell (Chairman)

Roy McAlpine

Rick Menell

Roy Oron

SAFETY, HEALTH AND

ENVIRONMENTAL COMMITTEE

Donn Jowell (Chairman)

Kennedy Maxwell

Brian Menell

Rick Menell

Morley Nkosi

Rick Menell
Chief executive officer

David Murray *
President and chief operating officer

Doug Campbell *
Senior vice president and chief financial officer

Dave de Beer
Senior vice president: corporate finance

Graham Emmett *
Vice president: human resources

Freddie Human *
Vice president (designate): safety, health and environment

Brian Menell
Executive director: corporate strategic development

Gerhard Potgieter *
Senior vice president: precious metals

Gerry Robbertze *
Senior vice president: cobalt/copper

Neville Roberts *
Vice president: safety, health and environment

Jan Steenkamp *
Senior vice president: ferrous metals

Thys Uys *
Vice president: technical services