EXL - Excellerate Holdings Limited - Appointment of independent chairman

EXL - Excellerate Holdings Limited - Appointment of independent chairman        
Excellerate Holdings Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/009884/06)                                            
JSE code: EXL     ISIN: ZAE000026092                                            
("Excellerate" or "the Company")                                                
APPOINTMENT OF INDEPENDENT CHAIRMAN                                             
Excellerate is pleased to announce the appointment of Mr. Nicholas              
Christodoulou as independent Chairman to the Excellerate board of directors     
("Board"), with effect from 13 April 2011.                                      
Nick (Bsc Eng (Industrial); MBA) brings a wealth of experience with him and     
has held previous positions that include the Chief Executive Officer of the     
Development Bank of Southern Africa, General Manager of Sanlam Asset            
Management, Chief Executive: Sanlam Employee Benefits, and Chief Executive:     
Independent Financial Services. He continues to serve on various Boards         
within the Sanlam and JHI Property Management Groups.                           
The appointment is in line with Excellerate`s aim to achieve the Board          
composition as recommended by the revised King Code Report on Corporate         
Governance (King III).                                                          
The Board welcomes Nick to the Company and wishes him well in his new           
position.                                                                       
Sandton                                                                         
14 April 2011                                                                   
Sponsor:                                                                        
One Capital                                                                     
Date: 14/04/2011 11:25:02 Supplied by www.sharenet.co.za                     
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