SVB - SilverBridge Holdings Limited - Change to the board of directors and

SVB - SilverBridge Holdings Limited - Change to the board of directors and      
change in function of a director                                                
SilverBridge Holdings Limited                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1995/006315/06)                                            
Share code: SVB     ISIN: ZAE000086229                                          
("SilverBridge" or "the Company" or "the Group")                                
CHANGE TO THE BOARD OF DIRECTORS AND CHANGE IN FUNCTION OF A DIRECTOR           
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, the board of directors of SilverBridge ("the Board") hereby notifies   
its shareholders that Mr Andile Sangqu has resigned as chairman and non-        
executive director of the Company with effect from 31 December 2011.            
Andile joined the board as chairman in May 2007 when a special purpose vehicle  
("SPV") owned and controlled by Kagiso Trust Investments (Proprietary) Limited  
("KTI") purchased a 20% interest in SilverBridge. Andile was a group executive  
director of KTI (now Kagiso Tiso). He left the employment of KTI to become an   
executive director of Xstrata South Africa in March 2010 and remained the       
chairman of SilverBridge, where the Board then viewed him as independent. The   
time constraints of his executive position at Xstrata have, however, compelled  
him to resign from the Board. Andile has contributed significantly to the       
strategic direction of the Group and the operations of the Board over the last  
four and a half years. The Board thanks Andile for his contribution to the Group
and wishes him well in his future endeavours.                                   
Ms Sphelele Sangweni, an alternate director to Andile, will as a result of      
Andile`s resignation also resign from the Board with effect from 31 December    
2011. The nomination committee, along with discussions with a major shareholder,
Kagiso Tiso Holdings, is reviewing the Board composition following the changes  
to the Board.                                                                   
In addition, the Board hereby notifies its shareholders that Mr Robert Emslie,  
an independent non-executive director of the Company, has been appointed as     
chairman of the Board with effect from 1 January 2012.                          
Robert joined the Board as an independent non-executive director in January 2011
and serves on the audit and risk, remuneration and investment committees of the 
Group. He has more than 30 years` experience in the financial services sector   
and has held positions such as the head of ABSA business banking, ABSA Africa   
and ABSA Corporate and business bank. He has also been a member of the Absa     
Group Executive committee. Robert is a qualified Chartered Accountant.          
Pretoria                                                                        
25 November 2011                                                                
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 25/11/2011 10:00:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.