IQG - IQuad Group Limited - Resignation from the board of directors

IQG - IQuad Group Limited - Resignation from the board of directors             
IQuad Group Limited                                                             
Incorporated in the Republic of South Africa                                    
(Registration Number 2004/025177/06)                                            
Share Code: IQG ISIN: ZAE000101622                                              
("IQuad" or "the Company")                                                      
RESIGNATION FROM THE BOARD OF DIRECTORS                                         
In accordance with paragraph 3.59(b) of the Listings Requirements of the JSE    
Limited, shareholders are hereby advised that Mr. Frans Botha ("Frans") has     
resigned as the financial director of IQuad, with effect from Tuesday, 31 July  
2012.                                                                           
The board wishes to thank Frans for his valued contributions during his tenure  
as a director of IQuad and wish him well in his future endeavours.              
22 May 2012                                                                     
Designated Advisor                                                              
PSG Capital                                                                     
Date: 22/05/2012 13:33:00 Supplied by www.sharenet.co.za                     
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