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                                               
In compliance with paragraph 3.59 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"):                                             
The appointment of Mr. Wally van Coller as Chief Executive Officer with effect  
from Friday 13 April 2012. Wally attended the University of Stellenbosch        
achieving an Honours degree in Mechanical Engineering in 1978. In 1988 he was   
awarded a Masters Degree in Business Leadership from UNISA. He also holds a     
Government Certificate of Competency as a Mechanical Engineer. Wally was        
previously Managing Director of various companies including among other William 
Tell Industries and DPI Plastics. He joined RARE in June 2011 as Operations     
Director.                                                                       
The appointment of Mr. Renier Viljoen as Financial Director with effect from    
Friday 13 April 2012. Renier obtained his B.Accounting Hons degree in 2006 from 
the University of Stellenbosch.  He served his articles at Greenwoods Chartered 
Accountants in Cape Town and qualified as a chartered accountant in 2009.       
Thereafter he became financial manager of a private company and joined Rare     
during July 2011 in the role of group accountant.                               
19 April 2012                                                                   
Designated Advisor: PSG Capital Proprietary Limited                             
Date: 19/04/2012 17:16:01 Supplied by www.sharenet.co.za                     
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