POY - Poynting - Changes To The Board Of Directors

POY - Poynting - Changes To The Board Of Directors                              
POYNTING HOLDINGS LIMITED                                                       
(Formerly Poynting Innovations (Proprietary) Limited)                           
Incorporated in the Republic of South Africa                                    
(Registration number 1997/011142/06)                                            
Share code: POY    ISIN: ZAE000121299                                           
("Poynting" or "the company")                                                   
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited,  
notification is hereby given of the following changes to the Poynting board of  
directors which will be effective from 3 November 2008:                         
Messrs Derek Nitch, Thomas Abbott, Anthony Selikow, Mark Haarhoff and Ms Claire 
Nitch have resigned as executive directors. These resignations form part of a   
restructuring of the board aimed at giving non-executive directors greater      
representation to allow for improved corporate governance. The board thanks them
for their invaluable contribution and their assistance during the listing       
process;                                                                        
Mr Michael Hill, who had temporarily assumed the role of acting Financial       
Director following the resignation of Mr Sayed Mullah, will resume the role of  
Non-executive Director. The board thanks Mike for having assumed the interim    
role;                                                                           
Mr Johan Ebersohn has been appointed as Financial Director. Johan graduated from
RAU with a B.Com in 1985. In 1988 he completed his B.Compt (Hons) degree at     
UNISA and he completed his articles in 1991 with PricewaterhouseCoopers. He has 
extensive experience and skills in the financial operations of companies. Johan 
joins Poynting from Central Panasonic (Proprietary) Limited where he gained 16  
years` experience as the Financial/Operational Director;                        
Mr Clive Douglas has been appointed as a Non-executive Director. Clive completed
his B.Com (Finance and Accountancy) at the University of Witwatersrand in 1986. 
In 1987, he joined Melville Douglas Investment Management (Proprietary) Limited 
as a portfolio manager, where he became Managing Director in 1995. In 2001,     
Melville Douglas was sold to Standard Bank and Clive was appointed Managing     
Director of Standard Private Bank. In 2006, Clive established Clive Douglas     
Investments (Proprietary) Limited; and                                          
Mr Richard Willis has been appointed as an Alternate Director to Mr Clive       
Douglas. Richard qualified as a Chartered Accountant in 1994 after having       
completed his articles at Deloitte. Since then Richard has occupied various     
positions, both locally and internationally, including Head of the Melville     
Douglas Group; Chief Operating Officer of Standard Private Bank and Financial   
Director of Virgin Money South Africa. Currently, Richard is Chief Operating    
Officer at Clive Douglas Investments (Proprietary) Limited.                     
The board is looking forward to working with Johan, Clive and Richard and       
believes that they will add value to Poynting.                                  
Subsequent to these changes, the board of directors will comprise: Coen Bester  
(Non-executive Chairman), Andre Fourie (Chief Executive Officer), Johan Ebersohn
(Financial Director), Juergen Dresel, Michael Hill (Non-executive), Zuko        
Kubukeli (Independent Non-executive) Clive Douglas (Non-executive) and Richard  
Willis (Alternate).                                                             
Wynburg                                                                         
4 November 2008                                                                 
Designated Adviser                                                              
Merchantec (Proprietary) Limited                                                
Date: 04/11/2008 07:05:05 Supplied by www.sharenet.co.za                     
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