CUL - Cullinan - Appointment Of Director

CUL - Cullinan - Appointment Of Director                                        
CULLINAN HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1902/001808/06)                                            
Share Code: CUL          ISIN: ZAE000013710                                     
("Cullinan " or "the company")                                                  
APPOINTMENT OF DIRECTOR                                                         
The board of directors of Cullinan wishes to advise that Andre Viljoen, the     
former head of South African Airways, has been appointed Managing Director of   
the company.                                                                    
Cullinan, with an outstanding portfolio of travel interests including the       
Thompsons Tours and Travel group, Pentravel and Hylton Ross, will benefit from  
Andre`s extensive knowledge of the African Tourism Industry.                    
Andre will take up his role from mid-January 2007.  Anton Thompson, the current 
chief Executive Officer of the company, will retain his title and become Deputy 
Chairman while handing over the day-to-day management of the company to Andre.  
Commenting on the appointment, Michael Ness, the Chairman of Cullinan, stated   
that the appointment is a clear indication of the company`s commitment to       
expanding in the leisure industry.                                              
By order of the board                                                           
Johannesburg                                                                    
11 January 2007                                                                 
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 11/01/2007 14:49:19 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.