MPC - Mr Price Group Limited - New appointment of a director to the board

MPC - Mr Price Group Limited - New appointment of a director to the board       
Mr Price Group Limited                                                          
(Registration number 1933/004418/06)                                            
Incorporated in the Republic of South Africa                                    
ISIN: ZAE 000026951                                                             
JSE share code: MPC                                                             
("Mr Price Group")                                                              
NEW APPOINTMENT OF A DIRECTOR TO THE BOARD                                      
Mr Price Group hereby announces the appointment of an additional Director to    
the Board.  Ms Daisy Naidoo has been appointed, with immediate effect, as an    
independent non-executive Director.  In addition, Ms Naidoo has been            
nominated, as a member of the Audit and Compliance Committee, which is          
subject to shareholder approval, at the upcoming Annual General Meeting in      
August 2012.  Her appointment comes as the Board seeks to strengthen the        
Audit and Compliance Committee in light of the recent appointment of Mr         
Nigel Payne as Chairman of the Board and his subsequent preclusion from         
membership of the Audit and Compliance Committee.                               
Ms Naidoo, a chartered accountant with a B Com, Post Graduate Diploma in        
Accounting and a Masters of Accounting degree, is a member of the South         
African Institute of Chartered Accountants and the Institute of Directors of    
Southern Africa.                                                                
Having worked for Sanlam Capital Markets for more than nine years, two years    
of which she held the position of Head of the Debt Structuring Unit, Ms         
Naidoo now serves as an independent non-executive director on the Boards of     
Strate Limited, Hudaco Industries, Omnia Holdings and three Old Mutual          
boutique boards.  She also serves on the audit committee of the Council of      
Higher Education and is an appointee to the Tax Court of South Africa.          
Durban                                                                          
16 May 2012                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 16/05/2012 15:05:12 Supplied by www.sharenet.co.za                     
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