John Smit confirmed as new Sharks CEO

The Sharks have confirmed the appointment of Mr John Smit as the new Chief
Executive Officer (CEO) of The Sharks (Pty) Ltd, effective 1st July 2013.

Smit will take over the reins from current CEO, Mr Brian van Zyl who will mentor
John until his pre-agreed retirement date of 28th February 2014.

Having joined The Sharks on the 1st February 1994, Brian van Zyl will have
served The Sharks with distinction for 20 years.

With his sound administration and business knowledge, he has worked tirelessly
to ensure that The Sharks have become not only one of the most financially sound
unions but also a sporting brand of international acclaim.

He has commanded the respect of the South African Rugby Union, team management,
past and present players, staff of The Sharks (Pty) Ltd and the other stakeholders
whom he has interacted with over the years.

Mr Stephen Saad, the Chairman of The Sharks Board of Directors, says, “On
behalf of the Board of The Sharks (Pty) Ltd, I would like to take this opportunity
to thank Brian for his invaluable contribution to The Sharks. “

“His knowledge, experience and understanding of the game and its administration
is outstanding. “

“At the end of his tenure, he leaves The Sharks in good stead and we salute
him for the many years of dedication, commitment and service that he has given,
not only to The Sharks (Pty) Ltd, but to rugby in South Africa.

“In the past 2 decades under his stewardship, The Sharks have become
the most followed provincial rugby franchise in the southern hemisphere. “

“He has the respect of both supporters and adversaries alike. Brian, we
salute your unwavering service to The Sharks and thank you for your continued
support including the mentorship of John.”

“John Smit’s appointment marks the dawn of a new and exciting era at
The Sharks (Pty) Ltd,” said Saad.

“We look forward to welcoming the favourite son of South African Rugby
to his new role as CEO. “

“We pledge our support and commitment to him and have every confidence
that he will embrace his new role, with the same leadership, spirit and vigour
that he displayed as the most capped Springbok captain and player of all time.”

Having spent thirteen years of his professional career with The Sharks, John
makes a welcome return to a province that he loves and where it all began for
him.

He has become the most respected and decorated rugby player in South African
history and his achievements both on and off the field are well documented.

He is a natural leader and has an innate ability to rally his troops and get
the best out of his team. When he takes up his new position, John will inherit
an experienced management support team at The Sharks, who will offer him guidance
and advice as he settles into his new position.

To this end, Leigh Heard who has spent 21 years with The Sharks (Pty) Ltd
as Chief Financial Officer (CFO) will assume the responsibility of Chief Operating
Officer (COO).

Leigh’s role will include both financial and commercial functions and will
help provide continuity and preserve the corporate memory of the successful
Sharks management team.

The Sharks Head Coach, John Plumtree has stated, “On behalf of team management
and the players, I extend our congratulations to John on his appointment. Over
the years, many of us have shared special memories with John and we look forward
to working with and supporting him in his new capacity.”

The Sharks current CEO, Brian van Zyl has said, “I wish to congratulate
John on his appointment and wish him the very best in his new role. He was an
inspirational captain and team man and I know that I leave The Sharks in good
hands. “

“I would like to take this opportunity to thank the

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