CDZ - Cadiz Holdings Limited - Resignation to the board of directors and

CDZ - Cadiz Holdings Limited - Resignation to the board of directors and        
appointment as Lead Independent Director.                                       
Cadiz Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1997/007258/06                                              
ISIN: ZAE000017661                                                              
JSE Share code:CDZ                                                              
("Cadiz" or "the company")                                                      
CHANGES IN DIRECTORATE                                                          
In compliance with rule 3.59 of the Listings Requirements of the JSE Limited,   
Cadiz Holdings Limited hereby advises shareholders that Mr. CA Hall and Mr. DM  
Lawrence have, after serving as directors of Cadiz for 13 and 11 years          
respectively, resigned as directors with affect from 26 March 2012.             
The Cadiz board would like to thank both Mr. CA Hall and Mr. DM Lawrence for    
their commitment and valuable contribution over the years.                      
Shareholders are furthermore advised that Ms AN Matyumza has been appointed as  
Lead Independent Director.                                                      
Cape Town                                                                       
27 March 2012                                                                   
Sponsor: Investec Bank Limited                                                  
Date: 27/03/2012 07:13:02 Supplied by www.sharenet.co.za                     
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