SKJ - Sekunjalo - Changes to the Board and Results of the AGM

SKJ - Sekunjalo - Changes to the Board and Results of the AGM                   
Sekunjalo Investments Limited(Incorporated in the Republic of South             
Africa)(Registration number 1996/006093/06)Share code: SKJ & ISIN:              
ZAE000017893("Sekunjalo" or "the company")                                      
CHANGES TO THE BOARD OF DIRECTORS AND RESULTS OF THE ANNUAL GENERAL MEETING     
In accordance with Section 3.59 of the JSE Limited Listings Requirements,       
the company announces the following changes, with immediate effect, to the      
board of directors of Sekunjalo ("the board"):                                  
Mr Mogamat Hishaam Ally has resigned as Financial Director at the annual        
general meeting, and he will assume the position of Financial Director of       
Sekunjalo Capital. Mr Mohammed Yusuf Kajee, a co-founder of Sekunjalo who       
returned to the company as Chief Operating Officer in 2006 after a stint as     
managing director at Irvin & Johnson Limited, has been promoted to the post     
of Group Chief Financial Officer. Mathuding Julia Ramatlhodi has also           
resigned as Executive Director from the board at the annual general meeting.    
Sekunjalo founder and CEO Dr Iqbal Surve has received an extension from the     
JSE to remain as Executive Chairman until 30 June 2007. During this time,       
the company will actively pursue to separate the role of CEO from that of       
Chairman.                                                                       
Shareholders are advised that, at the annual general meeting of Sekunjalo       
held at Steenberg Golf Club, Steenberg Estate, Tokai Road, Tokai, 7945, on      
27 February 2007, all the resolutions were passed by the requisite majority     
of shareholders. The special resolution will be submitted for registration      
at the Registrar of Companies in due course.                                    
Cape Town                                                                       
28 February 2007                                                                
Sponsor                                                                         
ABSA Capital - a division of ABSA Bank Limited                                  
Date: 28/02/2007 14:08:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.