ISB - Insimbi - Termination and appointment of designated advisors

ISB - Insimbi - Termination and appointment of designated advisors              
Insimbi Refractory and Alloy Supplies Limited                                   
Formerly Insimbi Alloy Supplies (Proprietary) Limited                           
(Registration number 2002/029821/06)                                            
JSE share code:  ISB                                                            
ISIN Number:  ZAE000116828                                                      
("Insimbi" or "the company")                                                    
TERMINATION AND APPOINTMENT OF DESIGNATED ADVISORS                              
AltX listed Insimbi Refractory and Alloy Supplies Limited has appointed         
PricewaterhouseCoopers Corporate Finance (Pty) Limited as its Designated Advisor
with immediate effect. Insimbi has decided to terminate it`s relationship with  
BDO QuestCo (Proprietary) Limited ("BDO QuestCo") based on the strategic outlook
of the Company going forward.                                                   
Johannesburg                                                                    
3 April 2008                                                                    
DESIGNATED ADVISOR                                                              
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Registration number 1970/003711/07                                              
Date: 03/04/2008 14:41:17 Supplied by www.sharenet.co.za                     
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