ROLFES HOLDINGS LIMITED - APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

ROLFES HOLDINGS LIMITED
(formerly Rolfes Technology Holdings Limited)
(Registration number 2000/002715/06)
Share Code: RLF
ISIN: ZAE0000159836
(“Rolfes” or “the Company”)

APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

In accordance with paragraph 3.59 of the Listings Requirements of the
JSE Limited, shareholders are advised that Ms. Seapei Mafoyane has been
appointed as an independent non-executive director to the Rolfes board,
a member of the audit and risk committee and as chairperson of the
social and ethics committee, with immediate effect.

Ms. Mafoyane completed her MBA at WITS Business School in Parktown,
Johannesburg, obtained her Bachelor of Science Degree from the
University of Natal and completed ‘A’ level exams, registered with the
Cambridge University Local Examination Syndicate, at the International
School of South Africa in Mafikeng.

Ms. Mafoyane joined Discovery Health Limited and worked in the Vitality
team eventually becoming the quality manager and then functional head of
Vitality. She then joined Standard Bank of South Africa as head of
customer and strategy, business banking credit, personal and business
banking South Africa and subsequently moved to South African Breweries
Limited as business performance and capability leader. Recently she has
accepted the position of Chief Operating Officer at Shanduka Black
Umbrellas, a non-profit company involved in the support of emerging
black businesses through enterprise development.

Rolfes welcomes Ms. Mafoyane to the Board and looks forward to her
contribution to the Company.

Johannesburg
27 August 2012

Sponsor:
Grindrod Bank Limited

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