PMM - Premium Properties Limited - Change to the board of directors

PMM - Premium Properties Limited - Change to the board of directors             
PREMIUM PROPERTIES LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/003601/06)                                            
Share code:  PMM      ISIN:  ZAE000009254                                       
("Premium")                                                                     
CHANGE TO THE BOARD OF DIRECTORS                                                
In accordance with paragraph 3.59 (a) of the Listing Requirements, the Board    
of Premium is pleased to announce the appointment of Petrus Jacobus Strydom,    
to the Board as an Independent Non Executive director with effect from 6        
February 2012. Mr Strydom has also been appointed as a member of the Company`s  
Risk and Audit Committee.                                                       
Mr Strydom is an experienced Chartered Accountant with a Master of Commerce     
Degree. He is also a member of South African Institute of Chartered             
Accountants, the South African Institute of Internal Auditors, and Independent  
Regulatory Board for Auditors.                                                  
Over the preceding 43 years he has gained vast experience in external           
auditing, special investigations and all disciplines of risk management.        
Having worked in the Banking environment, acting as Group Senior General        
Manager of Bankorp Holdings for 6 years, his experience covers virtually all    
areas of credit risk, quality review and governance. He is currently still a    
member of the Professional Services Panel of Ernst and Young. He has been a     
partner of Ernst & Young since 1991 and is currently fulfilling the role of     
senior advisor.                                                                 
Some highlights of his career include being appointed as the Curator of New     
Republic Bank, completing an assignment as curator of an asset manger on        
behalf of the Financial Services Board of South Africa, performing various due  
diligence reviews for potential mergers and Heading up the Financial Services   
Group of Ernst & Young.                                                         
He brings a wealth of experience to the Board from an accounting and corporate  
governance perspective and we look forward to his valued contribution.          
Pretoria                                                                        
8 February 2012                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 08/02/2012 16:46:24 Supplied by www.sharenet.co.za                     
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