DLV - Dorbyl Limited - Resignation and new appointment of an Independent Non-

DLV - Dorbyl Limited - Resignation and new appointment of an Independent Non-   
Executive director                                                              
DORBYL LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration Number:  1911/001510/06)                                          
(Share Code:  DLV    ISIN:  ZAE000002184)                                       
("Dorbyl" or "the Company")                                                     
CHANGES TO THE BOARD OF DIRECTORS                                               
1    In compliance with section 3.59 of the JSE Listings Requirements,          
    shareholders are hereby informed of the following changes to the Board      
    of directors of Dorbyl ("the Board"):                                       
1.1  The appointment of Mr. Jacques Badenhorst as an Independent Non-       
         Executive director, with effect from 22 March 2012. Jacques is a       
         qualified CA(SA). His past experiences include being a bank            
         analyst at ABN Amro Securities and at JP Morgan. Jacques also          
served as Executive-Strategy and Planning at ABSA Bank and was         
         subsequently the co-founder of Toad Capital, a corporate finance       
         and financial advisory firm. During his career, Jacques has gained     
         extensive experience in working at executive and board level,          
industry and business analysis, evaluation and strategy                
         formulation. The Board would like to welcome Jacques and believe       
         that his addition will provide the Group with substantial              
         expertise and invaluable experience.                                   
1.2  The resignation of Mr. Jan Willem Dreyer, as non- executive            
         director, with effect from 30 March 2012. The Board would like to      
         thank Jan for his valued contributions to the Company during his       
         tenure and wishes him all the best.                                    
Johannesburg                                                                    
22 March 2012                                                                   
Sponsor:  PSG Capital Proprietary Limited                                       
Date: 22/03/2012 15:41:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.