ISA - ISA Holdings Limited - Resignation of financial director

ISA - ISA Holdings Limited - Resignation of financial director                  
ISA HOLDINGS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/009608/06)                                            
JSE Share code: ISA                                                             
ISIN: ZAE000067344                                                              
("ISA" or "the Company")                                                        
RESIGNATION OF FINANCIAL DIRECTOR                                               
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
notification is hereby given that Tarryn Marks ("Tarryn"), Financial Director,  
has resigned with effect from 1 June 2012 to pursue personal interests in the   
property industry.                                                              
Clifford Katz, Chief Executive Officer, will assume responsibility for Tarryn`s 
duties from 1 June 2012, should a suitable replacement not yet be identified and
employed by the Company. As soon as a replacement Financial Director has been   
appointed, a further announcement to shareholders will be made.                 
The board of directors thanks Tarryn for all her hard work and contribution to  
ISA during her tenure and wishes her well in her future endeavours.             
19 April 2012                                                                   
Johannesburg                                                                    
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 19/04/2012 13:13:53 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.