PSV - PSV Holdings Limited - Appointment of independent non-executive

PSV - PSV Holdings Limited - Appointment of independent non-executive           
director and change in function of director                                     
PSV HOLDINGS LIMITED                                                            
Incorporated in the Republic of South Africa                                    
(Registration number 1998/004365/06)                                            
JSE code: PSV  ISIN: ZAE000078705                                               
("PSV" or "the Company")                                                        
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE IN FUNCTION OF     
DIRECTOR                                                                        
The board of directors of PSV ("Board") is pleased to announce the              
appointment of Ms Portia Molefe as an independent non-executive director to     
the Board, as the chairperson of the social and ethics committee and as a       
member of the audit and risk committees, with effect from 2 May 2012.           
Portia holds a Bachelor of Science (Honours in Economics) from the University   
of Natal and a Master of Business Administration from the University of         
Witwatersrand. Portia was the acting Chief Operating Officer of the             
Department of Trade and Industry and was the Director-General of the            
Department of Public Enterprises. Portia is currently the Chief Executive       
Officer of Ubu Investment Holdings Proprietary Limited, which provides          
strategic advisory services in areas relating to economic infrastructure        
development.                                                                    
The Board is also pleased to announce that Mr Ralph Patmore, an independent     
non-executive director of the Board, has been appointed as chairperson of the   
Board with effect from 2 May 2012.                                              
Germiston                                                                       
2 May 2012                                                                      
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 02/05/2012 15:00:01 Supplied by www.sharenet.co.za                     
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