SHFT Shaft Sink

TIDMSHFT

RNS Number : 8719B

Shaft Sinkers Holdings Plc

12 January 2015

SHAFT SINKERS HOLDINGS PLC ('Shaft Sinkers' or the 'Company')

Board Changes and Changes in Executive Team

The Board of Shaft Sinkers announces that CEO Alon Davidov and CFO Christopher Hall have left the company with immediate effect. Non-executive Chairman Marius Heyns has been appointed Executive Chairman and Group Financial Controller Hugo Jordaan has been appointed as Acting Chief Financial Officer.

For further information:

Marius Heyns: +27(0)11 445 4300

Notes to editors

Shaft Sinkers

Shaft Sinkers Holdings specialises in the sinking of particularly deep and wide vertical and decline shafts and the development of underground infrastructure, used primarily in mining and hydropower applications.

The Group is a world leader in vertical shaft sinking with a focus on particularly deep and/or wide vertical shafts. It has the capability to sink shafts through all types of rock strata, including running sands and clay. The Group works principally for established mining and infrastructure companies.

Historically, the Group has completed projects in over 20 countries worldwide across Africa, Europe, South America, the Middle East, Asia and Australia. The Group was responsible for sinking one of the deepest ever man and material South African shafts, a secondary shaft at the Western Deep Levels to a depth of 3,131 metres below bank.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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