MVELASERVE LIMITED - Appointment of New Chairman to the Remuneration and Nomination Committee

Appointment of New Chairman to the Remuneration and Nomination Committee

MVELASERVE LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1999/003610/06
Ordinary share code: MVS
Ordinary share ISIN: ZAE 000151353
(“Mvelaserve” or “the Company”)

APPOINTMENT OF NEW CHAIRMAN TO THE REMUNERATION AND NOMINATION
COMMITTEE

In compliance with paragraph 3.59 of the Listings Requirements of
the JSE Limited, the board of directors of Mvelaserve (“the
board”) hereby announces the appointment of Ms S Masinga as
chairperson of the Remuneration and Nomination Committee with
effect from 29 November 2012. Ms S Masinga replaces Mr OA Mabandla
who resigned as independent non-executive director.

Ms Masinga is the lead independent non-executive director, a
member of the Audit, Risk and Compliance Committee, the Ethics and
Social Committee and the chairman of the Investment Committee. She
has a BCom degree and completed the USA-SA Leadership and
Entrepreneurship Programme at the Wharton School of Business. She
is the chief executive and one of the founding members of the
Afropulse Group and has held various executive positions in the
financial services sector.


Johannesburg
30 November 2012

Sponsor:
Investec Bank Limited

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