SBG - Simeka Business Group Limited - Change to the board of directors

SBG - Simeka Business Group Limited - Change to the board of directors          
Simeka Business Group Limited                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration No. 2003/012583/06)                                               
Share code: SBG ISIN code:ZAE000074878                                          
("Simeka")                                                                      
CHANGE TO THE BOARD OF DIRECTORS                                                
Shareholders are advised that Professor Benjamin Marx has been appointed as an  
independent non-executive director of the board of directors of Simeka, with    
immediate effect. Professor Marx will also chair the Simeka audit committee with
immediate effect.                                                               
Professor Marx qualified as a chartered accountant in 1989. He has a number of  
national and international memberships including being a member of the          
Independent Regulatory Board for Auditors (IRBA) and a member of the Association
of Black Chartered Accountants of South Africa (ABASA).                         
Professor Marx further serves as a director and audit committee member of listed
and non-listed companies. He is a founding member of the Corporate Governance   
Research Group, who research and consult on corporate governance.               
Professor Marx has written various text books, research articles and other      
publications in the field of auditing, corporate governance and audit           
committees.                                                                     
08 February 2011                                                                
Designated advisor                                                              
Sasfin Capital (A division of Sasfin Bank Limited)                              
Date: 08/02/2011 16:45:03 Supplied by www.sharenet.co.za                     
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