3 July 2012

In compliance with section 3.59(b) of the Listings Requirements of the JSE Limited, the board of directors of Sephaku Holdings ( the board ) wishes to inform shareholders that Dr Gil Mahlati has resigned as a non-executive director of the Company with effect from 2 July 2012.

On behalf of the board of directors, the chief executive officer, Dr Lelau Mohuba, wishes to express his gratitude to Dr Mahlati for his contribution to the Company during his term in office and wishes him all of the best with his future endeavours.

3 July 2012
Pretoria

Sponsor to Sephaku Holdings
QuestCo (Proprietary) Limited