QPG - Quatum Property Group Limited - Changes to the board of directors

QPG - Quatum Property Group Limited - Changes to the board of directors         
QUATUM PROPERTY GROUP LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1984/002788/06)                                            
Share code: QPG   ISIN: ZAE000125647                                            
("QPG" or "the company")                                                        
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited,  
notification is hereby given of the following changes to QPG`s board of         
directors ("the Board") effective from 7 February 2011:                         
-    Mark Raymond Taitz has resigned as Financial Director of the company. Mark 
will remain on at QPG until 31 March 2011 to serve out his notice period    
    and to assist in the process, which has already been initiated, of formally 
    appointing a new Financial Director.                                        
-    Ian Levitt has resigned as an Independent Non-Executive director of the    
company.                                                                    
-    The Board thanks Mr Taitz and Mr Levitt for their contributions to the     
    company and wishes them well in their future endeavours.                    
-    Gary Neil Shaff, an Executive Director of QPG, will also fulfil the role of
Chief Executive Officer until the process of formally appointing a new      
    Chief Executive Officer is finalised.                                       
-    Tessa Margot Wolpe has been appointed as a Non-Executive Director of the   
    company.                                                                    
Tessa started her career in the film industry in the United Kingdom where   
    she gained valuable experience in both the production and the accounting    
    side for 23 years. After returning to South Africa in 1998, she established 
    a film, commercials, stills and corporate hiring company with her husband,  
which has been successfully running for just over 12 years.                 
    Tessa holds a degree in textile design, and the Board looks forward to her  
    contribution to the company.                                                
Sandton                                                                         
9 February 2011                                                                 
Designated Advisor                                                              
Merchantec Capital                                                              
Date: 09/02/2011 07:05:02 Supplied by www.sharenet.co.za                     
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