GMB - Glenrand MIB Limited - Executive director changes

GMB - Glenrand MIB Limited - Executive director changes                         
GLENRAND MIB LIMITED                                                            
(a Licensed Financial Services Provider)                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008001/06)                                            
Share code: GMB & ISIN: ZAE000078010                                            
("Glenrand" or "the Company")                                                   
EXECUTIVE DIRECTOR CHANGES                                                      
Further to the announcement dated 24 January 2011, and in light of recent       
developments, it has been agreed between the board and Andrew Chislett that     
he will take an extended leave of absence in order to avoid any potential       
conflicts of interest that may arise pending the outcome of the Scheme of       
Arrangement between Glenrand MIB and its shareholders and the conditions        
precedent to that Scheme.                                                       
In light of the above, Gordon Whitcher has been appointed as acting chief       
executive officer with immediate effect.                                        
Johannesburg                                                                    
28 January 2011                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Corporate Advisor                                                               
Sasfin Capital                                                                  
(a Division of Sasfin Bank Limited)                                             
Date: 31/01/2011 08:45:01 Supplied by www.sharenet.co.za                     
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