1TM - 1time holdings Limited - Resignations to the board of directors

1TM - 1time holdings Limited - Resignations to the board of directors           
1time holdings Limited                                                          
Incorporated in the Republic of South Africa                                    
(Registration number 1999/017536/06)                                            
Share code: 1TM    ISIN: ZAE000102026                                           
("1time" or "the Group")                                                        
CHANGE TO THE BOARD OF DIRECTORS - RESIGNATIONS                                 
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited,  
shareholders are hereby advised that Rodney James has resigned from the board of
directors of 1time ("the Board") as an executive director and as the CEO of     
1time Airline Proprietary Limited ("1time Airline"), a major subsidiary of      
1time, and that Michael Kaminski has resigned from the Board as an executive    
director, both with effect from 12 March 2012.                                  
Michael will be serving his notice period up until the end of May 2012, during  
which time the Board will be undertaking the process to find a suitable         
replacement for him.                                                            
The Board thanks Rodney and Michael for their contribution to the Group and     
wishes them well in their future endeavours.                                    
Shareholders are further advised that Blacky Komani, the CEO of 1time, has been 
appointed as the CEO of 1time Airline with immediate effect.                    
Johannesburg                                                                    
13 March 2012                                                                   
Sponsor                                                                         
Merchantec Capital                                                              
Date: 13/03/2012 09:30:01 Supplied by www.sharenet.co.za                     
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