ERB - Erbacon - Appointment of new chief executive officer

ERB - Erbacon - Appointment of new chief executive officer                      
Erbacon Investment Holdings Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Formerly Friedshelf 884 Limited)                                               
(Registration number: 2007/014490/06)                                           
Share code: ERB                                                                 
ISIN:  ZAE000111571                                                             
("Erbacon" or "the Company")                                                    
APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER                                      
In accordance with rule 3.59 (a) of the Listings Requirements of the JSE        
Limited, the board takes great pleasure in announcing the appointment of Mr.    
Sean Joseph Flanagan ("Sean"), as the new chief executive officer of Erbacon,   
with immediate effect.                                                          
Sean brings more than 27 year`s industry-specific experience to Erbacon, the    
last 20 of which he served with the Murray & Roberts group where he was         
Executive Director.                                                             
He is recognised and highly regarded throughout the industry for his strong and 
definitive leadership, exceptional negotiating skills, and keen ability to      
identify and develop opportunities.                                             
His key achievements have been in the setting and implementing of group         
strategy, arranging and leading mergers and acquisitions, and taking executive  
responsibility for a large portfolio of businesses and major projects, including
the Gautrain Rapid Rail and Cape Town Stadium projects.                         
The board welcomes the appointment of Sean and looks forward to his contribution
to the Erbacon group.                                                           
Outgoing chief executive officer, David Boyd Erskine ("Dave"), will remain an   
executive director of Erbacon and has elected to focus his attention as Managing
Director of the businesses he founded, Erbacon Construction (Pty) Limited and   
Erbacon Small Plant (Pty) Limited.  The board wishes to thank Dave for his      
valued contributions during his tenure as chief executive officer of the        
Company.                                                                        
1 June 2010                                                                     
Durban                                                                          
Designated adviser:                                                             
PSG Capital (Pty) Limited                                                       
Date: 01/06/2010 16:01:01 Supplied by www.sharenet.co.za                     
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