SBG - Simeka Business Group Limited - Results of the Annual General Meeting

SBG - Simeka Business Group Limited - Results of the Annual General Meeting     
Changes to the Board of Directors                                               
SIMEKA BUSINESS GROUP LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration No. 2003/012583/06)                                               
Share code: SBG    ISIN code: ZAE000074878                                      
("Simeka" or "the Company")                                                     
RESULTS OF THE ANNUAL GENERAL MEETING CHANGES TO THE BOARD OF DIRECTORS         
Shareholders are advised that at the annual general meeting held today, Tuesday,
18 January 2011, all the special and ordinary resolutions proposed at the       
meeting were passed by the requisite majority of shareholders with the exception
of ordinary resolution number 3 for the re-appointment of the auditors and      
ordinary resolution number 6 for the ratification of the appointment of Mr PC   
Gordon as director of the company which were not passed at the meeting.         
The special resolution will be lodged with the Companies and Intellectual       
Property Registration Office in due course.                                     
Shareholders are further advised that Mrs KJ Molefe retired as a director of the
company as set out in the annual report.                                        
By order of the Board                                                           
18 January 2011                                                                 
Designated Advisor                                                              
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 18/01/2011 13:20:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.