NUTRITIONAL HOLDINGS LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2004/002282/06)
Share Code: NUT     ISIN: ZAE000156485
(“Nutritional Holdings” or “the Company”)

CHANGES TO THE BOARD OF DIRECTORS

In line with the policy of the board of directors (“the board”) 
to maintain high-quality corporate governance and in compliance 
with paragraph 3.59(b) of the Listings Requirements of the JSE 
Limited and to ensure compliance with King III, shareholders are
hereby informed of the following changes to the board and members 
of board committees:

-   the resignation of Mrs JA Etchells as a non-executive director 
    from the board. Mrs Etchells will remain as Company Secretary;
-   the resignation of Mr AR Pinfold as a member of the audit 
    committee;
-   the appointment of Mr AR Pinfold as a member of the remuneration 
    committee; and
-   the appointment of Dr C Kapnias as an independent non-executive 
    director to the board as well as a member of the audit committee.

Dr Kapnias operated in private practice from 1993 to 2006. He then 
moved  his attention to the Wellness and Nutriceutical industry, 
having owned various companies in the preventative medicine market. 
He has been integrally involved in sports performance and sports injury 
rehabilitation and has worked with various international athletes and 
sports teams over the years.

Dr Kapnias has been involved in HIV research for a number of years having 
collaborated with Prof Richard Bunn from the Medical Research Council of 
South Africa and brings with him a unique skill-set that will enhance the 
Company’s ability to unlock potential in those markets segments that 
Nutritional has traditionally operated in as well as new markets where the
Company’s product base has synergy.

The abovementioned changes will all be effective from 15 August 2014.

Durban
15 August 2014

Designated advisor: PSG Capital Proprietary Limited

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