BFS - Blue Financial Services Limited - Changes to the Board

BFS - Blue Financial Services Limited - Changes to the Board                    
BLUE FINANCIAL SERVICES LIMITED                                                 
(Registration number 1996/006595/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE Code: BFS                                                                   
ISIN: ZAE000083655                                                              
("Blue" or the "Company")                                                       
CHANGES TO THE BOARD                                                            
In terms of paragraph 3.59 of the JSE Limited Listings Requirements, the        
Company wishes to advise shareholders that, with effect from 9 January          
2012, Mr. Shaun Strydom has resigned from his role as group financial           
director of Blue. Mr Strydom will however continue to serve on the board of     
Blue as an executive director in a new role assisting Blue in the execution     
of strategic initiatives.                                                       
The Company accordingly further advises of the appointment of Mr. Gordon        
Whitcher as executive group financial director to the board with effect         
from 9 January 2012.                                                            
Mr. Whitcher is a chartered accountant having served as group financial         
director and interim chief executive officer of Glenrand MIB Limited prior      
to its takeover by AON SA, wherein he assumed the position of chief             
operating officer of AON Risk Services SA until 31 October 2011.                
Johannesburg                                                                    
10 January 2012                                                                 
Designated Adviser                                                              
Grindrod Bank Limited                                                           
Date: 10/01/2012 09:30:01 Supplied by www.sharenet.co.za                     
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