ISB - Insimbi Refractory and Alloy Supplies Limited - Changes to the Board

ISB - Insimbi Refractory and Alloy Supplies Limited - Changes to the Board      
Insimbi Refractory and Alloy Supplies Limited                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2002/029821/06)                                           
Share code: ISB     ISIN: ZAE000116828                                          
("Insimbi" or "the Company")                                                    
CHANGES TO THE BOARD                                                            
Shareholders are hereby notified that that Mr. Jose Vieira-Pereira has resigned 
as Financial Director of Insimbi with effect from 29 February 2012.             
Mr. Frederick Botha (CA(SA)), Commercial Director for the past 9 years and to   
whom the Financial Director reported during his tenure, will  with effect from 1
March 2012 also assume the day to day responsibilities of the Financial Director
of Insimbi,. As a result of the consolidation of the Commercial and Financial   
Director roles, two new positions have been created and a financial manager and 
internal audit manager are being recruited.                                     
The Board of Insimbi wish to thank Mr. Vieira-Pereira for his leadership and the
contribution he has made, and wishes him every success with his new career.     
Johannesburg                                                                    
29 February 2012                                                                
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 29/02/2012 12:05:01 Supplied by www.sharenet.co.za                     
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