LAB - Labat Africa Limited - Change to board of directors

LAB - Labat Africa Limited - Change to board of directors                       
LABAT AFRICA LIMITED                                                            
Incorporated in the Republic of South Africa                                    
(Registration number 1986/001616/06)                                            
JSE code: LAB ISIN: ZAE000018354                                                
("Labat" or "the company")                                                      
CHANGE TO BOARD OF DIRECTORS                                                    
Shareholders are referred to the SENS announcement of 27 January 2011 advising  
of the cancellation of the sale of Labat shares from Link Private Equity to     
Cyndara 131 (Pty) Ltd trading as Aurora Investment Holdings.  Following the     
cancellation of Aurora as the preferred bidder by the liquidators for the       
Grootvlei/Orkney assets, the members of Aurora felt that their further          
involvement in Labat and particularly their directorships in Labat were no      
longer appropriate and therefore they agreed to stand down as directors of the  
company.                                                                        
Consequently at a Labat board meeting held on Friday, 17 June at 23 Kroton      
Avenue, Weltevreden Park, the Aurora representatives namely Messrs M Hulley, Z  
Mandela, K Zuma and T Ngubane were replaced as directors with immediate effect  
and the following directors, Messrs B Jacobs and D Lupungela were elected as    
independent non-executive directors to serve in their place.                    
Profiles of the two new directors are set out below:                            
Brian Jacobs                                                                    
Brian was employed by Telkom for a period of 22 years and resigned from a senior
management position in 1999 to pursue personal business interests. He served on 
the Boards of various companies including on the Board of Trustees of the       
Prosano Medical Scheme of which he was the Chairman and which has an annual     
turnover in excess of half a billion rand (R700 m). He resigned as a director of
the Communications Workers Investment Company in May 2002.  He has completed the
Management Advanced Programme as well as the Executive Development Programme at 
the Witwatersrand Business School.  He is currently the Chairman of Trisource   
Holdings and has been deployed as an Executive Director to Trisource (Pty) Ltd. 
Dumisani Barrington Simphiwe Lupungela                                          
Dumisani holds a BA degree in Social Science, Higher Diploma in Education and   
Honours in Public Administration and Development Management.                    
He worked for the African National Congress (ANC) Department of Security (DIS)  
and later became a manager in the National Intelligence Agency (NIA) from its   
inception.                                                                      
He attended various senior management courses on Intelligence, Counter          
Intelligence, Serious Economic Crime, Anti Terrorism with Cuban, French, United 
States of America and Zimbabwean Intelligence services.                         
He has worked as a security advisor to the Premier and Director General of the  
Eastern Cape Provincial government until 2006. He has made significant          
contribution on policy issues and decision making processes with regard to      
security matters. He brings particular expertise in the areas of risk analysis, 
information management, strategic management, marketing and research. He is     
currently involved in various business initiatives.                             
20 June 2011                                                                    
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 20/06/2011 17:30:01 Supplied by www.sharenet.co.za                     
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