JDG - JD Group Limited - Appointment of independent non-executive

JDG - JD Group Limited - Appointment of independent non-executive               
directors                                                                       
JD Group Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009108/06)                                            
ISIN: ZAE000030771                                                              
JSE code: JDG                                                                   
("JD Group")                                                                    
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS                              
In compliance with paragraph 3.59 of the Listings Requirements of the           
JSE Limited, the board of directors of JD Group ("the Board") is pleased        
to announce that Ms N (Nerina) Bodasing and Mr MP (Matsobane) Matlwa            
have been appointed as independent non-executive directors to the Board         
with effect from 1 September 2011.                                              
Nerina is the founder and managing director of a fully empowered                
independent management consultancy that provides strategic and financial        
communication advice to South African corporates on the capital markets.        
She obtained a BSc degree from the University of Natal and a BSc (Hons)         
from the University of Durban-Westville. She also holds a postgraduate          
diploma in business management from the University of Natal. Nerina             
gained considerable experience in the fields of shareholder                     
communication, capital markets and corporate practice in her role as            
Head of Investor Relations at Absa Group Limited and Sasol Limited in           
recent years. Prior to these appointments, she served on the executive          
committee of Gold Fields in the capacity of senior vice-president:              
Investor Relations & Corporate Affairs. Early in her career, Nerina             
worked in equity sales and assisted strategy research for global                
investment bank UBS.                                                            
Matsobane is a chartered accountant who served his articles with Pim            
Goldby. He has a Masters in Business Administration and is the current          
Chief Executive Officer of the South African Institute of Chartered             
Accountants, where he serves on a number of SAICA board subcommittees,          
including the Exco, the Audit & Risk, Strategy and the IT Governance            
Committees, to name but a few. Prior to joining SAICA, Matsobane held           
senior positions at the South African Revenue Services and at Absa Bank         
Limited.  Earlier in his career he worked for the Financial Services            
Board, Anglo American Corporation of SA, Transnet Limited and other             
private companies. He was also an audit partner at Ernst & Young.               
Amongst others, he is involved in the Thuthuka Bursary Fund and serves          
on the board of the Australian-based Global Accounting Alliance. He is          
currently a member of the International Federation of Accountants               
Council, the Institute of Directors and the SAICA Advisory Council. He          
is also the past chairman of the Forum of Accounting Bodies and a former        
member of the India, Brazil & South Africa Taxation Working Group.              
During his career he has amassed a broad range of experience from the           
disciplines of finance, auditing, taxation and general management.              
David Sussman, JD Group`s Chairman, commented as follows on the above           
appointments: "We are pleased to have found such dynamic individuals to         
serve as independent non-executive director on our Board. Both Nerina           
and Matsobane have a wealth of experience and enthusiasm and will bring         
new perspectives to Board deliberations."                                       
Following the afore-mentioned appointments, the Board is fully King III         
compliant in that a majority of its members are non-executive directors         
and the majority of the non-executive directors are independent.                
29 July 2011                                                                    
Johannesburg                                                                    
SPONSOR                                                                         
PSG Capital (Proprietary) Limited                                               
Ground Floor, DM Kisch House, Inanda Greens Business Park, 54 Wierda            
Road West, Wierda Valley, Sandton, 2196 Telephone +27 11 326 5083               
Facsimile +27 11 784 4755                                                       
www.jdgroup.co.za                                                               
Date: 29/07/2011 12:45:02 Supplied by www.sharenet.co.za                     
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