ISA- Change to the board of directors and results of the General Meeting

ISA- Change to the board of directors and results of the General Meeting        
ISA Holdings Limited                                                            
("ISA" or "the company")                                                        
(Registration number: 1998/009608/06)                                           
JSE share code: ISA                                                             
ISIN code: ZAE000067344                                                         
CHANGE TO THE BOARD OF DIRECTORS AND RESULTS OF THE GENERAL MEETING             
In compliance with rule 3.67 of the JSE Listing Requirements, the following     
information should be noted:                                                    
Alan Naidoo, Andrew Maren and Jane Phiri have been appointed as non-executive   
directors of ISA Holdings Limited, with Jane Phiri also being appointed as the  
company"s chairperson, with immediate effect.                                   
The new appointments to the board of directors are in line with ISA"s           
transformation objectives, resulting in 62.5% of the board being represented by 
non-executive directors as well as 50% of the board being black directors.      
All of the resolutions tabled at the General Meeting of shareholders, which was 
held on 29 September 2006, were passed by the requisite majority.               
29 September 2006                                                               
Designated advisor: Exchange Sponsors (Pty) Ltd                                 
In accordance with the AltX Listings Requirements, shareholders are advised of  
the risks of investing in a company listed on AltX and are advised that the JSE 
does not guarantee the viability or the success of a company listed on AltX. In 
terms of JSE Listings requirements a Designated Adviser has to be retained by   
the company. The Designated Adviser is required to, inter alia, attend all board
meetings held by the company to ensure that all JSE Listings Requirements and   
applicable regulations are complied with, approve the financial director of the 
company and guide the company in a competent, professional and impartial manner.
If the company fails to retain a Designated Adviser it must make arrangements to
appoint a new Designated Adviser within 10 business days, failing which the     
company faces suspension of trading of its securities. If a Designated Adviser  
is not appointed within 30 days of its suspension the company faces the         
termination of its listing without an offer to minorities.                      
Date: 29/09/2006 03:16:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department