CUL - Cullinan Holdings Limited - Changes to the board and appointment of

CUL - Cullinan Holdings Limited - Changes to the board and appointment of       
Company Secretary                                                               
CULLINAN HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1902/001808/06)                                            
Share code: CUL & ISIN: ZAE000013710                                            
("the company")                                                                 
CHANGES TO THE BOARD AND APPOINTMENT OF COMPANY SECRETARY                       
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
the board of directors hereby announces the following changes to the board (with
effect from 17 June 2008) and senior management:                                
Mr Michael Ness will retire as non-executive chairman of the company. Mr Ness   
will, however, remain on the board as a non-executive director. The board wishes
to thank Mr Ness for the contribution he has made to the company during his     
tenure;                                                                         
Mr Michael Tollman has been appointed as non-executive chairman;                
Mr Gavin Tollman has been appointed to the board as a non-executive director;   
Mr Brian Jacobs has been appointed as Company Secretary with effect from 15 July
2008. In addition to his role as Company Secretary, he will also act as Chief   
Financial Officer for the company.                                              
By order of the board                                                           
Johannesburg                                                                    
24 July 2008                                                                    
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
(Registration number 2006/033725/07)                                            
Date: 24/07/2008 15:45:01 Supplied by www.sharenet.co.za                     
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