ASO - Austro Group Limited - Change to the board

ASO - Austro Group Limited - Change to the board                                
Austro Group Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/029771/06)                                            
Share code: ASO                                                                 
ISIN: ZAE000090882                                                              
("Austro")                                                                      
CHANGE TO THE BOARD                                                             
Shareholders are advised that Mr Charles Jacobs has been appointed as an        
executive director to the Austro board and Chief Executive Officer - Wood       
Division, with immediate effect.                                                
After obtaining a B.Com, Charles qualified as a Chartered Accountant with       
Deloitte Johannesburg in 1976. Upon qualification Charles joined the Tiger Group
as management accountant, and later that year he was appointed Financial Manager
of one of its national divisions. Charles was subsequently employed in the      
Altron Group from 1980 to 1993 during which time he served in a number of senior
financial and general management positions.                                     
After leaving the Altron Group Charles specialised in turnaround and business   
development projects in listed entities and private equity fund investments.    
4 February 2011                                                                 
Sponsor                                                                         
Java Capital                                                                    
Date: 04/02/2011 13:50:01 Supplied by www.sharenet.co.za                     
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