The board of directors of Bowler Metcalf Ltd. announced the death of Mr. Horst Werner Sass, the non-executive chairman of the board, on 1 June 2013 after an illness. Horst has served on the board of the company since its listing in 1987 and in the capacity as chairman since 1997 and was a member of the Remuneration Committee. Following Mr. Sass's death, the board will still be King III compliant, as a majority of directors on the board are non-executive.