ISA - ISA Holdings Limited - Change of directors` indirect shareholding

ISA - ISA Holdings Limited - Change of directors` indirect shareholding         
ISA HOLDINGS LIMITED                                                            
("ISA")                                                                         
Incorporated in the Republic of South Africa                                    
(Registration number: 1998/009608/06)                                           
JSE share code: ISA                                                             
ISIN code: ZAE000067344                                                         
CHANGE OF DIRECTORS` INDIRECT SHAREHOLDING                                      
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
Listings Requirements the following should be noted:                            
Director                 :    Jayne Phiri                                       
Nature of transaction*   :    Indirect sale of shares                           
Nature of interest       :    Indirect beneficial                               
Clearance obtained       :    Yes                                               
Class of Share           :    Ordinary Shares                                   
Date                     :    24 February 2009                                  
Price                    :    N/A                                               
No. of shares            :    28 166 667                                        
Director                 :    Andrew Maren                                      
Nature of transaction*   :    Indirect purchase of shares                       
Nature of interest       :    Indirect beneficial                               
Clearance obtained       :    Yes                                               
Class of Share           :    Ordinary Shares                                   
Date                     :    24 February 2009                                  
Price                    :    N/A                                               
No. of shares            :    6 151 600                                         
Director                 :    Alan Naidoo                                       
Nature of transaction*   :    Indirect purchase of shares                       
Nature of interest       :    Indirect beneficial                               
Clearance obtained       :    Yes                                               
Class of Share           :    Ordinary Shares                                   
Date                     :    24 February 2009                                  
Price                    :    N/A                                               
No. of shares            :    6 151 600                                         
* The above transactions were as a result of a change in the shareholding of    
Viewcrest Trading 3 (Proprietary) Limited (ISA`s empowerment shareholder) which 
owns 32,5% of ISA`s shares in issue.                                            
Randburg                                                                        
26 February 2009                                                                
Designated Advisor:                                                             
Grindrod Bank Limited                                                           
Date: 26/02/2009 17:14:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.