RAR - Rare Holdings Limited - Changes to the board of directors

RAR - Rare Holdings Limited - Changes to the board of directors                 
RARE HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
Registration Number:  2002/025247/06                                            
Share Code:  RAR    ISIN:  ZAE000092714                                         
("Rare" or "the Company")                                                       
CHANGES TO THE BOARD OF DIRECTORS                                               
1    In compliance with paragraph 3.59(b) of the Listings Requirements of the   
    JSE Limited, shareholders are hereby informed of the following changes to   
    the Board of Directors of Rare ("the Board"):                               
    1.1  The resignation of Mr. DE Scheepers ("Dave") as chief executive        
officer and executive director of the Company with effect from 27      
         March 2012; and                                                        
    1.2  The resignation of Mr. PJ Willemse ("Pierre") as executive Financial   
         Director of the Company with effect from 27 March 2012.                
2    Dave and Pierre decided to pursue other career opportunities and the Board 
    would like to thank them for their contributions to the Company during      
    their tenure.                                                               
3    The Company has commenced with the recruitment process on finding suitable 
replacements for the vacancies and shareholders will be advised in due      
    course as to the appointment of any new candidates.                         
Johannesburg                                                                    
27 March 2012                                                                   
Designated advisor:  PSG Capital Proprietary Limited                            
Date: 27/03/2012 13:54:01 Supplied by www.sharenet.co.za                     
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