MMG - Micromega Holdings - Changes to the Board of Directors

MMG - Micromega Holdings - Changes to the Board of Directors                    
Micromega Holdings Limited                                                      
(Registration number 1998/003821/06)                                            
(Incorporated in the Republic of South Africa)                                  
ISIN code:ZAE000034435        Share code: MMG                                   
("MICROmega" or "the Company")                                                  
CHANGES TO THE BOARD OF DIRECTORS                                               
In  terms of paragraph 3.59 of the Listing Requirements of  the  JSE            
Limited,  shareholders are advised of the following changes  to  the            
board of directors:                                                             
Resignation:                                                                    
Mr  John Ernest Newbury, a non-executive director has resigned  from            
the board of directors with effect from 5 November 2009.                        
Mr.  Newbury  was appointed to the board in 2008 subsequent  to  the            
acquisition   by   MICROmega  of  Kolbenco   (Proprietary)   Limited            
("Kolbenco").  Kolbenco,  a  manufacturer  of  automotive   pistons,            
discontinued  its manufacturing activities at the  end  of  December            
2008.  Mr.  Newbury`s role in this business is therefore  no  longer            
required  and this bought about his resignation from the board.  The            
Board thanks Mr. Newbury for his dedication and contribution.                   
5 November 2009                                                                 
Sponsor: Investec Bank Limited                                                  
Date: 05/11/2009 14:47:15 Supplied by www.sharenet.co.za                     
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