AWT - Awethu Breweries Limited - Changes to the board and update

AWT - Awethu Breweries Limited - Changes to the board and update                
announcement                                                                    
Awethu Breweries Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1992/004352/06)                                            
JSE code: AWT                                                                   
ISIN code: ZAE000013769                                                         
("Awethu" or "the Company")                                                     
CHANGES TO THE BOARD AND UPDATE ANNOUNCEMENT                                    
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, Awethu has pleasure in announcing the appointment of Jason Taylor      
as independent non-executive Chairman to the Awethu Board of directors with     
effect from 11 November 2011. Jason has been an independent non-executive       
director of Awethu since September 2009. Jason Taylor was born and brought      
up in Hilton, Kwa-zulu Natal, and attended the University of                    
Pietermaritzburg where he obtained his BComm (Accounts). He then joined the     
University of Durban where he completed his BComm (Hons) and studied further    
at RAU where he did a Higher diploma in Auditing. Jason served his articles     
at Simon Hurwitz, is registered with SAICA, and has had extensive experience    
in financial services in the corporate environment and in a professional        
capacity.                                                                       
In the Awethu provisional annual financial results published by the Company     
on 2 November 2011, a number of issues were raised by the independent           
auditors. The Company wishes to confirm that all issues raised in the audit     
report have been addressed as follows:                                          
The major shareholder`s loan has been increased to the amount subordinated      
as at 30 June 2010, the Awethu audit committee complies with both the           
Companies Act 71 of 2008 and King III, the transfer of R3 million plus          
interest into the Awethu bank account has been completed, the VAT return and    
payment has been made, and the provisional financial results were released      
on SENS on 2 November 2011 and subsequently mailed to shareholders.             
Vanderbijlpark                                                                  
11 November 2011                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 11/11/2011 15:59:50 Supplied by www.sharenet.co.za                     
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