Media Release by the Board of Directors of Motorsport South Africa on allegations regarding the Chief Executive Officer, Mr Francois Pretorius

MEDIA RELEASE BY THE BOARD OF MOTORSPORT SOUTH AFRICA ON ALLEGATIONS REGARDING THE CHIEF EXECUTIVE OFFICER, MR FRANCOIS PRETORIUS: With regards to allegations surrounding Motorsport South Africa's (MSA) Chief Executive Officer, Mr Francois Pretorius, MSA wishes to inform as follows: • Mr Pretorius has informed the Board of MSA of events which transpired prior to his employment by MSA when he was serving   as a Director of a private company which was placed in liquidation during 2009; • Mr Pretorius co-operated with the liquidators of the company in the winding-up process.  No claims were proven in the insolvent  estate and the liquidators of the company filed a report with the Master of the High Court; • Mr Pretorius has assured the Board of MSA that he has appointed attorneys and Counsel to deal with all matters and to co- operate with any SAPS investigation to bring these matters to finality; • there is no criminal case pending in any Court of law against Mr Pretorius, he has not been arrested, and he is not "out on bail"; • MSA recognises the Constitutional rights of all persons and in particular the right of persons to be presumed innocent until proven guilty in a Court of law; • until such time that there is a criminal prosecution against Mr Pretorius, or he is convicted in a Court of law, his appointment as the  Chief Executive Officer of MSA is supported by the Board. Issued on behalf of MSA's Board of Directors