confidence - Investing In Africa

Directors’ Report to the ShareholdersThe Board is confident in the committed management team members totranslate its core competencies and strategies into economic value added results.AUDITORSThe auditors, Messrs Kemp Chatteris Deloitte, have expressed their willingnessto continue in office and a resolution proposing their reappointment isrecommended to the members.ACKNOWLEDGMENTSThe Board records its appreciation for the valued contribution of Mr Paul RenéDe Chasteigner Du Mée, C.B.E. who retired from the Board in December 2004.The Board welcomes Mr Soopaya Parianen who was elected as a director atthe last Annual Meeting.The Board also records its appreciation to the regulators for their supportand cooperation in timeously addressing the issues affecting the FinancialService Industry.The Board thanks the Management Team and all the employees for theircommitment and dedication for the advancement of the SBM Group.And, finally, the Board expresses its deep appreciation to its customers andshareholders for their continued trust and support.Chaitlall GunnessChief ExecutiveMuni Krishna T Reddy, G.O.S.K.Chairman19Certificate from the Company SecretaryI certify that, to the best of my knowledge and belief, the company has filedwith the Registrar of Companies all such returns as are required of thecompany under the Companies Act 2001.Chandradev AppadooCompany Secretary