Salim Young,Non-Executive Director,AEEI

BProc, LLB (UWC), LLM (Tulane University, USA)

Appointed: 12 December 2005

Nationality: South African

Mr Young is an experienced business executive and corporate lawyer and is a former director of Webber Wentzel (formerly Mallinicks Inc.). Mr Young recently retired after a very successful 12 years as an executive director on the board of British American Tobacco SA, situated in Stellenbosch. During this time Mr Young also served as the appointed South African representative of the London-based BAT Plc whose secondary listing on the JSE ranks as the largest company by market capitalisation. Mr Young maintains board positions in a number of other companies and significant trusts. He holds a post-graduate master’s degree (LLM) in International Commercial Law from Tulane University in the United States as well as Certificates in Law from Georgetown University and Harvard University, respectively.

Mr Young serves on the board of African Equity Empowerment Investments Limited as the deputy chairman and also serves on various subcommittees. He chairs the Audit and Risk Committee as well as the Remuneration Committee and is a member of the Investment Committee.

He is one of the founders of Unipalm Investments and chairs the remuneration committee. He also sits on the Company’s investment and audit committees.

Major directorships: Unipalm Investments Ltd, Independent Media (Pty) Ltd, Loot (Pty) Ltd, Insights Publishing, BAT Signature Trust and Premier Fishing SA (Pty) Ltd.

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