CDZ - Cadiz Holdings Limited - Appointment of Chairman

CDZ - Cadiz Holdings Limited - Appointment of Chairman                          
Cadiz Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1997/007258/06                                              
ISIN: ZAE000017661                                                              
JSE Share code:  CDZ                                                            
("Cadiz" or "the company")                                                      
APPOINTMENT OF CHAIRMAN                                                         
In compliance with rule 3.59 of the Listings Requirements of the JSE Limited,   
Cadiz Holdings Limited hereby advises shareholders that with effect from 9 March
2011 Ray Cadiz has, for personal reasons, resigned as chairman and will continue
to serve on the Cadiz board as a non-executive director.                        
Peter-Paul Ngwenya has, in accordance with the board`s decision taken three     
years ago to identify and appoint a black chairperson, been appointed as non-   
executive chairman.                                                             
Mr Ngwenya has served on the board for the past seven years. However, as        
chairman and a shareholder of Cadiz`s empowerment partner, Makana Investment    
Corporation, he is not considered to be independent.                            
Colin Hall has been reappointed to serve as lead independent director.          
The Cadiz board would like to thank Ray Cadiz for his commitment and valuable   
contribution as chairman over the past four years.                              
Cape Town                                                                       
10 March 2011                                                                   
Sponsor: Investec Bank Limited                                                  
Date: 10/03/2011 17:28:01 Supplied by www.sharenet.co.za                     
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