CSP - Chemspec - Changes to the Board of Directors

CSP - Chemspec - Changes to the Board of Directors                              
Chemical Specialities Limited                                                   
Incorporated in the Republic of South Africa                                    
Registration number 2005/039947/06                                              
Share code: CSP                                                                 
ISIN: ZAE000109427                                                              
("Chemspec" or "the Company")                                                   
CHANGES TO THE BOARD OF DIRECTORS                                               
In accordance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, shareholders are advised of the following changes to the board of      
directors:                                                                      
1    Resignation of the Financial Director                                      
    Mr. Graham Edward Ferns has resigned with effect from 31 May 2011.          
2    Appointment of executive and non-executive directors                       
    With effect from 1 June 2001, the following directors have been appointed   
to the Board:                                                               
    a    Jonathan Maehler - Financial Director                                  
         Jonathan was a previous Financial Director of Chemspec until he left   
         the Company in 2008.  He was an audit and assurance partner at BDO in  
KwaZulu Natal where he specialised in management and tax consulting    
         and is well versed in corporate governance and corporate finance.      
    b    Timothy Dykins - Non-Executive Director                                
         Tim started with the business at the age of 21 in 1973 and worked      
through the ranks to become Managing Director. He held this position   
         for 15 years and left the business in 2005.  Tim has a wealth of       
         knowledge in all areas of the business, in particular the products,    
         operations and customer relations                                      
Chemspec welcomes the new appointees to the Board and looks forward to their    
contribution to the Company.                                                    
Durban                                                                          
2 June 2011                                                                     
Designated advisor                                                              
Grindrod Bank Limited                                                           
(Registration number 1994/007994/06)                                            
Date: 02/06/2011 17:01:00 Supplied by www.sharenet.co.za                     
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