3 May 2012

In compliance with section 3.59(a) of the JSE Limited Listings Requirements, shareholders of the Company are hereby advised that Mr Brent Williams has been appointed as the Independent Non-Executive Chairman of the Company with immediate effect.

Mr Williams holds an LLM from Harvard University Law School and has extensive experience in all aspects of South African corporate and commercial law, including mergers and acquisitions and corporate finance. He also advises on broad-based black economic empowerment transactions. Mr Williams began his career as a Candidate Attorney at Y Ebrahim & Co., later becoming an Associate and, subsequently, a Director, a position he held following Y Ebrahim & Co.’s absorption into Cliffe Dekker Hofmeyr. In 2011, Williams was appointed Chief Executive Officer of Cliffe Dekker Hofmeyr, the first of the top five law firms to appoint a black CEO.

Says CEO, Dr Lelau Mohuba, “We are immensely pleased to welcome someone of Brent`s stature, experience and capability to the Board of Sephaku Holdings. Not only does his legal background provide new expertise to the Company, but we look forward to the fresh insights and guidance that he will offer as the Company embarks on its forthcoming endeavours.”

The appointment of Williams also places the Company in compliance with section 3.59(a) of the JSE Limited’s Listings Requirements.

3 May 2012
Centurion

Sponsor to Sephaku Holdings
QuestCo (Proprietary) Limited