SFH - SA French Limited - Appointment of independent Non-Executive Directors

SFH - SA French Limited - Appointment of independent Non-Executive Directors    
SA FRENCH LIMITED                                                               
Incorporated in the Republic of South Africa                                    
(Registration Number:  1982/009174/06)                                          
Share Code:  SFH    ISIN:  ZAE000108890                                         
("SA French" or "the Company" or "the Group")                                   
CHANGES TO THE BOARD OF DIRECTORS                                               
1    In compliance with paragraph 3.59(a) of the JSE Listings Requirements,     
    shareholders are hereby informed of the following changes to the Board of   
    Directors of SA French ("the Board"):                                       
    1.1  The appointment of Mr Sandile Swana as independent non-executive       
director to the Board and member to the Remunerations Committee. After 
         matriculating at St. John`s College in Umtata, Sandile first completed 
         a B.Comm through Wits under the Anglo American Scholarship Programme   
         and later the Business Advisors Programme at the WBS Centre for        
Developing Business. Sandile also graduated from the University of     
         Pretoria with an MBA and from UNISA with a B.Th in Ethics. He was then 
         offered a sponsorship from the Department of Transport for part of a   
         B. Comm. Honours (Logistics), which he completed through UNISA.        
Sandile prepared and presented several conference papers for IPSA, the 
         Supply Chain Council and SAPICS over the years. He also spent seven    
         years in the retail sector with both Caltex Oil and Zenex Oil where he 
         gained valuable experience in business planning, oil retail and        
general management. Sandile also served as group operations manager    
         with the JSE-listed Don Group for a time. At present, Sandile serves   
         as non-executive director on the boards of three other JSE-listed      
         companies, namely Convergenet Holdings, Aflease Gold and Matodzi       
Resources. He is also a member of the Institute of Directors of        
         Southern Africa.                                                       
    1.2  The appointment of Ms Janine De Bruyn as independent non-executive     
         director to the Board and member to the Audit Committee. Janine        
completed a BCom (Hons) in financial analysis and portfolio           
         management at UCT and obtained a BCompt through UNISA, while           
         completing her articles at PriceWaterhouseCoopers. Janine has          
         consulted to various black empowerment groups and financial services   
companies over the last nine years specialising in the analysis of     
         private equity opportunities, valuations, corporate finance advice,    
         corporate actions, socially responsible focused private equity funds   
         as well as financial management. Janine gained invaluable experience   
in empowerment, development finance and private equity at Sanlam       
         Investment Management and Futuregrowth Asset Management and has held a 
         number of directorships. She is a member of the Institute of Directors 
         of Southern Africa.                                                    
2    The Board would like to welcome Sandile and Janine and believe that their  
    additions will provide the Group with significant expertise and invaluable  
    experience.                                                                 
Johannesburg                                                                    
6 March 2012                                                                    
Designated Advisor:      PSG Capital Proprietary Limited                        
Corporate Advisor:       Afrasia Corporate Finance (Proprietary) Limited        
Date: 06/03/2012 09:33:15 Supplied by www.sharenet.co.za                     
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