HSP - Holdsport Limited - Resignation of Non-executive director

HSP - Holdsport Limited - Resignation of Non-executive director                 
Holdsport Limited                                                               
(incorporated in the Republic of South Africa)                                  
(Registration number 2006/022562/06)                                            
JSE share code: HSP                                                             
ISIN: ZAE000157046                                                              
("Holdsport" or the "Company")                                                  
RESIGNATION OF NON-EXECUTIVE DIRECTOR                                           
We refer shareholders of Holdsport to the pre-listing statement issued on 27    
June 2011, in which Ethos Private Equity ("Ethos") undertook that they would not
offer, pledge or otherwise dispose of their shares in the company within six    
months of its listing on 17 July 2011.                                          
The six months lock up period expired on 17 January 2012.                       
Consequently, and in compliance with section 3.59 of the Listings Requirements  
of the JSE Limited, shareholders of Holdsport are advised that Mr Ngalaah Chuphi
has resigned as a non-executive director from the Board of Directors of         
Holdsport with immediate effect.                                                
Mr Chuphi, a partner at Ethos, has been a director of Holdsport since Ethos made
their investment in the company in 2006.                                        
Cape Town                                                                       
23 January 2012                                                                 
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 23/01/2012 15:25:30 Supplied by www.sharenet.co.za                     
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