NEW GOLD ISSUER LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

NewGold Issuer Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2004/014119/06)
Share code: GLD
ISIN code: ZAE000060067
(“NewGold” or “the Company”)

CHANGES TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, debenture
holders are advised of the following changes to the board of directors ("the board"):

1. APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board is pleased to inform debenture holders of the appointment of Dr Vladimir Nedeljkovic to the
board with immediate effect.

His qualifications include a Bachelor of Science (Honours) degree in Electrical Engineering from the
University of Belgrade, as well as a Master of Science degree in Electrical Engineering from the same
institution. In 1996 he attained a PhD degree in Applied Mathematics at the University of the
Witwatersrand, and in 2002 he completed a Master of Business Administration degree at Wits
Business School. He was awarded a first class pass for his MBA, together with the CAMAF Award for
'The Best MBA Student in Quantitative Method Topics'.

Dr Nedeljkovic is Absa Capital?s Principal, Head of Investments. He has played a key role in the
development of Absa's ETF business, as well as in the development of innovative ETF products.

NewGold welcomes Mr Nedeljkovic to the board and looks forward to his contribution to the
Company.

2. APPOINTMENT OF ALTERNATE DIRECTOR

Mr. Kurt Wade van Staden, alternate director to Mr Edward Montagu Southey, has also been
appointed as an alternate director to Mr Edwin Marcus Letty and Mr Timothy John Fearnhead, with
immediate effect.

21 September 2012

Sponsor
Absa Capital
(the investment banking division of Absa Bank Limited and affiliated with Barclays)

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