Directors’ report

Directorate

Subsequent to year-end, Mr NP Mageza was appointed as an independent non-executive director of the Group with effect from August 28 2009. In terms of the Company’s articles of association al the general meeting are DDB Band, LI Jacobs, RM Kunene, D Masson, JL Pamensky, SG Pretorius, AC Salomon and T Slabbert. All retiring directors are eligible and available for re-election.

The names of the directors who were in office during the period September 1 2008 to August 31 2009 and the number of meetings attended by each of the directors are:
Director Board Audit
committee		 Executive
committee		 Remuneration
committee		 Acquisition
committee		 Risk
committee		 Transformation
committee
Independent non-executive chairman              
MC Ramaphosa 4/5            
Independent non-executive directors              
DDB Band 4/5     1/1 1/1    
LG Boyle 5/5            
S Koseff 3/5            
D Masson 5/5 6/6   1/1 1/1 4/4  
JL Pamensky 5/5 6/6   1/1 1/1    
NG Payne 3/5 6/6       4/4  
FDP Tlakula 3/5           1/3
Non-executive directors              
AA Da Costa 5/5            
MBN Dube 5/5            
RM Kunene 4/5            
T Slabbert 5/5           3/3
Executive              
B Joffe 5/5   1/1 1/1* 1/1 3/4 3/3
FJ Barnes 5/5         1/2  
BL Berson 4/5         1/2  
MC Berzack 5/5   1/1   1/1 4/4 3/3
DE Cleasby 5/5 6/6* 1/1 1/1* 1/1 4/4 2/3*
AW Dawe 5/5   1/1     4/4 3/3
LI Jacobs 5/5   1/1       3/3
P Nyman 5/5 6/6* 1/1 1/1*   4/4  
SG Pretorius 5/5   1/1     4/4 2/3
LP Ralphs 5/5   1/1   1/1 3/4 3/3
AC Salomon 5/5 6/6* 1/1     4/4  
Alternate              
LJ Mokoena 1/1*            

*By invitation.
**No nominations committee meetings were held during the period.

Directors’ interests

The aggregate interests of the directors in the capital of the Company at June 30 2009 were:
  Number of shares
  2009   2008  
Beneficial 5 194 523   5 067 323  
Non-beneficial 26 724 120   25 699 146  
Held in terms of The Bidvest Share Incentive Scheme    
Options 2 212 502   2 790 002  
Shares 1 150 278   1 138 888