CPI/CPIP/BICAP - Capitec/Capitec Bank - Appointment to the boards of Capitec

CPI/CPIP/BICAP - Capitec/Capitec Bank - Appointment to the boards of Capitec    
and Capitec Bank                                                                
CAPITEC BANK HOLDINGS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/025903/06)                                            
(JSE share code: CPI ISIN: ZAE000035861)                                        
(JSE share code: CPIP ISIN: ZAE000083838)                                       
("Capitec")                                                                     
Capitec Bank Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1980/003695/06)                                               
Company code: BICAP                                                             
("Capitec Bank")                                                                
APPOINTMENT TO THE BOARDS OF CAPITEC AND CAPITEC BANK                           
The directors of Capitec and Capitec Bank, the wholly owned banking             
subsidiary of Capitec ("the companies") are pleased to announce the             
appointment of Mr John David (Jock) McKenzie as an independent non-executive    
director to the boards of both the companies with effect from 1 March 2012.     
Mr McKenzie was the Chairman and CEO of Caltex Petroleum Corporation until      
2001 after which he was appointed President - Asia, Middle East and Africa      
of Chevrontexaco until 2004. During this time he served, amongst others, as     
a member of the board of the Singapore Economic Development Board. Since        
2004 he has served as a consultant to the Energy Market Authority and           
Temasek Holdings in Singapore and acted as Chairman of the Commission of        
Enquiry into the Singapore Electricity and Gas supply Systems. In South         
Africa he has been involved in consulting to inter-alia Sasol, the South        
African Petroleum Industry Association`s investigation into the impact of       
the global economic crisis on the South African Oil Industry and other          
related topics. He currently serves on the boards of Coronation Fund            
Managers, SAPPI and Wesgro and is Chairman of the UCT Foundation and            
Accelerate Cape Town.                                                           
14 February 2012                                                                
Stellenbosch                                                                    
Sponsor: PSG Capital (Pty) Limited                                              
Debt Sponsor                                                                    
Rand Merchant Bank (A division of FirstRand Bank Limited)                       
Date: 14/02/2012 17:21:10 Supplied by www.sharenet.co.za                     
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