AVU - Avusa Limited - Resignation of group chief executive officer

AVU - Avusa Limited - Resignation of group chief executive officer              
AVUSA LIMITED                                                                   
Incorporated in the Republic of South Africa                                    
(Registration number:  2008/002461/06)                                          
Share code:  AVU    ISIN code:  ZAE000115895                                    
("Avusa")                                                                       
RESIGNATION OF GROUP CHIEF EXECUTIVE OFFICER                                    
The Avusa Board wishes to announce that Prakash Desai will be stepping down as  
Group Chief Executive Officer and director on Monday, 3 October 2011.           
Prakash Desai is presently the longest serving director on the Avusa Board.     
Prakash has served, at the highest performance standard, as Group Chief         
Executive Officer for the past 5 years and has been with the Group in senior    
positions over the past 13 years.                                               
The Board wishes to express its gratitude to Mr Desai for his years of          
leadership.                                                                     
Prakash Desai has tabled, that he will be taking up a new career challenge,     
after five years as CEO in Media and Entertainment.                             
The Board wishes to announce that the current divisional Managing Director of   
Media, Michael Robertson, has been appointed Acting Group Chief Executive       
Officer with effect from Monday, 3 October 2011.  During October, Mr Desai will 
work with Mr Robertson to ensure a smooth transition.                           
Johannesburg                                                                    
28 September 2011                                                               
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 28/09/2011 17:05:01 Supplied by www.sharenet.co.za                     
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