BFS - Blue Financial Services Limited - Change to the Board of Directors

BFS - Blue Financial Services Limited - Change to the Board of Directors        
BLUE FINANCIAL SERVICES LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration Number:  1996/006595/06)                                          
JSE Code:  BFS                                                                  
ISIN:  ZAE000083655                                                             
("Blue" or "the Company" or "the Group")                                        
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with section 3.59(b) of the Listings Requirements of the JSE      
Limited, the Board of Directors ("the Board") of Blue announced today that the  
executive group financial director, Mr. Gordon Whitcher has resigned with       
immediate effect, due to an unforeseen change in personal circumstances.        
Mr. Deon Bekker, the Mayibuye Group CFO, will assume the role of executive group
financial director for Blue with immediate effect.                              
Mr. Bekker is a qualified chartered accountant with 12 years` experience in the 
financial services sector, having worked at PricewaterhouseCoopers before       
joining the Mayibuye Group as the group CFO in 2006.                            
Mr. Bekker has extensive experience in the financial services sector which will 
further supplement the existing executive team of Blue.                         
Johannesburg                                                                    
6 February 2012                                                                 
Designated Advisor                                                              
Grindrod Bank Limited                                                           
Date: 06/02/2012 17:39:01 Supplied by www.sharenet.co.za                     
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