DEC - Decillion Limited - Restructure of the board of directors, new director

DEC - Decillion Limited - Restructure of the board of directors, new director   
appointments and change in company secretary                                    
Decillion Limited                                                               
(Registration number: 1998/011692/06)                                           
(Incorporated in the Republic of South Africa)                                  
JSE code: DEC & ISIN: ZAE000108247                                              
("Decillion" or "the Company")                                                  
RESTRUCTURE OF THE BOARD OF DIRECTORS, NEW DIRECTOR APPOINTMENTS AND CHANGE IN  
COMPANY SECRETARY                                                               
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
the board is pleased to announce the following:                                 
New directors:                                                                  
The following two new directors have been appointed with effect from 4 November 
2011:                                                                           
Independent non-executive directors                                             
Mr MG Mahlare                                                                   
Mr KR Molewa                                                                    
Mr MG Mahlare has been appointed as Chairman of the audit committee, subject to 
shareholder approval.                                                           
Mr KR Molewa has been appointed as Chairman of the remuneration committee.      
Brief profiles of the new appointees are outlined below.                        
Modilati Gustav Mahlare (56) Independent Non-Executive Director                 
After initial training with Price Waterhouse Gustav joined National Sorghum     
Breweries in July 1992 as a financial controller and internal auditor and was   
later promoted to the position of financial manager.                            
He was again employed by Pricewaterhouse Coopers from July 1995 to April 2007 as
a senior manager. He joined SEMA Integrated Risk Solutions (SEMA IRS) in May    
2007 as a director where he specialises in Internal Audit, Risk Management and  
Corporate Governance Services.                                                  
He became a director of Sephaku Holdings Ltd in January 2009 and has been       
Chairman of the Audit Committee since date of appointment and has been a member 
of the Audit Committee at Safika Resources since June 2011.                     
Kgaogelo Richard Molewa (57) Independent Non-Executive Director                 
Richard started his career at Anglo American Life focussing on employee benefits
from where he moved to Southern Life.  In 1998 he started his own business      
Upright Communications providing training services in the field of              
communications.                                                                 
He holds a BA Communications Science degree from Unisa and is a competent Toast 
Master.  He is married to the Honourable Minister Edna Molewa.                  
Board restructure and changes in roles:                                         
The board furthermore advises that the following changes in roles and           
responsibilities of directors have been made with immediate effect.             
Mr BJ Havenga has been appointed as Chairman and will serve in a non-executive  
capacity.  A lead independent director will be nominated in due course.         
Mr MM Smith has been appointed as Chief Executive Officer.                      
Mr ME Smit has been appointed as Financial Director.                            
Change in company secretary and registered address:                             
The Company Secretary has been changed from Mr ME Smit to The Makings (Pty) Ltd 
and the registered address of the Company has changed to 196 Raymond Avenue     
Waterkloof Ridge, Pretoria, 0181 and PO Box 95079, Waterkloof, 0145.            
Johannesburg                                                                    
08 November 2011                                                                
SPONSOR                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 08/11/2011 15:15:44 Supplied by www.sharenet.co.za                     
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