Statement by Deputy President Ramaphosa

on management of his business interest
26 May 2014

I Deputy President Cyril Ramaphosa, on Monday announced a transaction that will result in my divestment from
Shanduka Group.

Shanduka's majority shareholders have entered into an agreement that will, among other things, result in my
complete divestment from the Group. In the interim, my family's interests will be held in blind trusts.

Over the course of the last 17 months, I have stepped down from the boards of several companies on which I
served and resigned as Shanduka Group executive chairman.

This is the culmination of a review of my business interests that I initiated soon after my election as ANC Deputy
President in December 2012. It was intended to remove the potential for any conflict of interest and enable me
to effectively perform the functions of my position.

In the course of the next few weeks, I will take any further practical steps necessary to ensure that I comply with
requirements of the Executive Ethics Code and uphold the integrity of my office.

I will continue to be involved in the Shanduka Foundation, a non-profit organisation that works in the areas of
school development, skills development and enterprise development.


Inquiries: Thabo Masebe on 082 410 8087

Issued by: The Presidency
Pretoria