T Manuel on appointment of Executive Officer of Financial Services
Board

13 June 2007

The Minister of Finance, Trevor A Manuel, MP today announced the
re-appointment of Mr Rob Barrow as the Executive Officer of the Financial
Services Board (FSB) for a further period of twelve months, until 30 June
2008.

This will enable Mr Barrow to conclude a number of significant regulatory
investigations and initiatives while affording sufficient time to hand over
responsibilities to a successor. The process of identifying a successor will
commence immediately, with the position to be advertised shortly.

For media queries, contact:
Thoraya Pandy
Cell: 082 416 8416

Issued by: National Treasury
13 June 2007