REM - Remgro Limited - Appointment of CEO

REM - Remgro Limited - Appointment of CEO                                       
Remgro Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/006415/06)                                            
ISIN: ZAE000026480                                                              
Share code: REM                                                                 
("Remgro" or "the Company" or "the group")                                      
CHANGE TO THE BOARD                                                             
Further to the announcement released on SENS on 30 April 2012 regarding the     
passing of Mr. Thys Visser, the Chief Executive Officer ("CEO"), shareholders   
are advised that Mr Jannie Durand (Chief Investment Officer) has been appointed 
as the new CEO with effect from today, 7 May 2012.                              
A replacement for Mr. Durand`s position as Chief Investment Officer will be     
announced in due course, once this appointment has been finalised.              
Johann Rupert, Chairman of Remgro, said: "The Board was fortunate to have had   
more than one good candidate for the position. One of the deciding factors was  
that the Board wanted a new generation appointment similar to when Thys Visser  
was appointed. The Board is positioning itself for the future."                 
Stellenbosch                                                                    
7 May 2012                                                                      
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 07/05/2012 13:30:01 Supplied by www.sharenet.co.za                     
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