1TM - 1time holdings Limited - Changes to the board of directors

1TM - 1time holdings Limited - Changes to the board of directors                
1time holdings Limited                                                          
Incorporated in the Republic of South Africa                                    
(Registration number 1999/017536/06)                                            
Share code: 1TM    ISIN: ZAE000102026                                           
("1time" or "the Company")                                                      
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with paragraph 3.59 of the Listings Requirements of JSE           
Limited, the board of directors of 1time ("the Board") hereby notifies          
its shareholders that Ms Lorna Anne Terblanche ("Lorna") has been               
appointed as group financial director and Mr Kenneth Delroy Jarvis              
("Ken") has been appointed as an independent non-executive director of          
1time with effect from 1 November 2011.                                         
Lorna is a qualified chartered accountant and was the previous chief            
financial officer of Safair Technical (Proprietary) Limited (trading as         
Jetworx), the aircraft maintenance subsidiary of 1time. Lorna`s past            
experience includes auditing roles at Cullinan Holdings and McCathy             
Holdings, as well as the audit partner at Nexia HBLT Chartered                  
Accountants Incorporated.                                                       
Ken has a strong information technology background and has held senior          
IT positions within Momentum Life, Nedcor Bank, and Amplats, including          
chief technology officer of Multichoice and chief information officer of        
the South African Revenue Services. Ken is currently the founder and            
chief executive officer of JIKA Africa, an advisory service, project            
management and corporate communications consultancy firm.                       
The Board welcomes Lorna and Ken and looks forward to their contribution        
to the Company.                                                                 
In addition, Ms Selemeng Mokose has resigned as an independent non-             
executive director with immediate effect. The Board wishes her well in          
her future endeavours.                                                          
Johannesburg                                                                    
27 October 2011                                                                 
Sponsor                                                                         
Merchantec Capital                                                              
Date: 27/10/2011 15:13:01 Supplied by www.sharenet.co.za                     
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