NAI/NAN - New Africa Investments Limited - Change in directorate

NAI/NAN - New Africa Investments Limited - Change in directorate                
NEW AFRICA INVESTMENTS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002467/06)                                            
(Share codes: NAI and NAN)                                                      
(ISIN: ZAE000033338 and ZAE000033346)                                           
("NAIL" or the "Group" or the "company")                                        
CHANGE IN DIRECTORATE                                                           
In terms of paragraph 3.59 of the JSE Listings Requirements, Nail wishes to     
announce the following change to the Board with effect from 1 June 2011:        
Ms O Ighodaro, financial director, has resigned from the Board.                 
Mr CJ Patricios has been appointed as financial director of the Company.        
The Board extends its gratitude to Ms Ighodaro for her contribution during her  
tenure and welcomes Chris Patricios to the Board.   Chris is currently the      
Chief Financial Officer and a director of Primedia Holdings I Limited. Prior    
to that he served as Financial Director of a division of Servest (Pty) Ltd. He  
worked within KPMG`s Hospitality and Leisure business unit for three years and  
prior to that had spent two years with Credit Suisse in London. Chris           
qualified as a Chartered Accountant (SA) on completion of his articles at KPMG  
in 2002 and he holds Bachelor of Commerce and Bachelor of Accounting degrees,   
both from the University of Witwatersrand.                                      
Sandton                                                                         
1 June 2011                                                                     
Sponsor                                                                         
INVESTEC BANK LIMITED                                                           
Date: 01/06/2011 11:19:01 Supplied by www.sharenet.co.za                     
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