CSP - Chemspec - Changes to the board and company secretary

CSP - Chemspec - Changes to the board and company secretary                     
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 AND COMPANY SECRETARY                                      
1.   CHANGES TO THE BOARD                                                       
    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:                                                                  
    1.1  CHANGE IN DESIGNATION AND RESPONSIBILITY OF A DIRECTOR                 
         Mr. Darryn Coyle-Dowling, a non-executive director has been appointed  
         as executive commercial director to the board with effect from 15      
August 2011.                                                           
    1.2  APPOINTMENT OF NON-EXECUTIVE DIRECTORS                                 
         John Jones and Tim McClure (DipM Law) have been appointed as           
         independent non-executive directors to the board with effect from 15   
August 2011.                                                           
         John Jones is a past Director of Grindrod Limited and spent 42 years   
         with the group.  He served as Chairman of the Association of Shipping  
         Lines and on the national council of the Association of South African  
Shipbrokers and Ships` Agents.                                         
         Tim McClure, a past director of Grindrod Limited and its major local   
         and international subsidiaries, is currently a director of the UK      
         Freight Demurrage & Defence Association.  He is also the past          
president of the South African branch of the Institute of Chartered    
         Shipbrokers.                                                           
         Chemspec welcomes John Jones and Tim McClure to the board and looks    
         forward to their contribution to the Company.                          
1.3  RESIGNATION AND APPOINTMENT OF COMPANY SECRETARY                       
         Mr. BD Drury has resigned as company secretary with effect from 15     
         August 2011.                                                           
Statucor (Proprietary) Limited has been appointed as company secretary to       
Chemspec with effect from 15 August 2011.                                       
Durban                                                                          
15 August 2011                                                                  
Designated advisor                                                              
Grindrod Bank Limited                                                           
(Registration number 1994/007994/06)                                            
Date: 15/08/2011 16:47:00 Supplied by www.sharenet.co.za                     
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