IRA - Infrasors Holdings Limited - Changes in the Infrasors board

IRA - Infrasors Holdings Limited - Changes in the Infrasors board               
Infrasors Holdings Limited                                                      
("Infrasors")                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 2007/002405/06)                                            
Share code: IRA                                                                 
ISIN:ZAE000101507                                                               
CHANGES IN THE INFRASORS BOARD                                                  
In accordance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, Infrasors shareholders are advised of the following:                   
APPOINTMENT OF NON-EXECUTIVE DIRECTOR                                           
With effect from 24 May 2012, Percy Ford Chaung Ying, has been appointed        
Independent Non-Executive Director of Infrasors, and will dually form part of   
the company`s remuneration and audit committees. Percy, who obtained his        
financial qualifications (CA (SA), CFA), studied at the University of the       
Witwatersrand and is a director at PYB International (Pty) Ltd, and specialises 
in financial reporting, tax and investments.                                    
APPOINTMENT OF AN ALTERNATE NON-EXECUTIVE DIRECTOR TO STEPHEN COURTNEY          
With effect from 24 May 2012, Hugh Stephen Courtney (junior), has been appointed
alternate Non-Executive Director to Stephen Courtney of Infrasors. Hugh is a    
qualified CA(SA) having completed his HdipAcc at the University of the          
Witwatersrand and his BComm (Acc) at Rand Afrikaans University. Hugh is         
currently a director of Kildare Management Services (Pty) Ltd, a company which  
specialises in corporate finance, capital raising and advisory services. Prior  
to this he worked for the Standard Bank of South Africa where he gained         
extensive experience in financial reporting, investment banking and debt        
origination servicing a number of blue chip clients in the mining and financial 
sectors.                                                                        
Infrasors would like to wish Percy and Hugh a very warm welcome to the board and
look forward to the integration of their input and expertise going forward.     
Sandton                                                                         
29 May 2012                                                                     
Sponsor:                                                                        
Sasfin Capital (a division of Sasfin Bank Limited)                              
Date: 29/05/2012 15:55:01 Supplied by www.sharenet.co.za                     
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