JD GROUP LIMITED - Changes to the board of directors of JD Group

Changes to the board of directors of JD Group

JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
JSE share code: JDG   ISIN: ZAE000030771
JSE Bond code: JDGCB ISIN: ZAE00016841

("JD Group" or "the Group")

CHANGES TO THE BOARD OF DIRECTORS OF JD GROUP

In compliance with paragraph 3.59(a) of the Listings Requirements of
the JSE Limited, shareholders are hereby advised that certain
changes, as set out below, will be made to the board of directors of
JD Group (“the Board”), with effect from 1 March 2013.

In line with the Group’s strategic focus on expanding its financial
services and insurance business, Bennie van Rooy (37), the Group’s
current Chief Financial Officer (“CFO”), will be appointed as the
Chief Executive Officer of the Group’s Financial Services Division
with the task of leading the Group’s consumer finance business into
the future. He will lead a competent team from the JD Group Consumer
Finance head office in Randburg, where Philip Kruger (CE of
Financial Services), Reneé Griessel (CE of JDG Insurance) and Howard
Blake (Founder of Blake & Associates) will report directly to him.

Bennie will remain an executive director on the Board, where he
served with distinction since his appointment on 1 May 2010. Bennie
is a chartered accountant with exposure to various financial services
disciplines such as mergers and acquisitions, financial consulting and
risk management. In his earlier career at ABSA, he specialised in
credit   risk   management,  capital  management  and   balance  sheet
optimisation in the treasury environment. Bennie will remain a member
of the JD Group Executive committee and the JD Group Risk Management
committee and will also retain his directorships on the boards of
various JD Group subsidiaries.

The Board is furthermore pleased to announce that Mr Johannes Henoch
Neethling (Jan) Van Der Merwe (53) will fill the vacated CFO’s
position from the afore-mentioned date. The JD Group Audit committee
has assessed and found Jan suitably qualified and experienced to
carry out the functions of a financial director and have recommended
his appointment as CFO to the Board. Jan will also become a member
of the JD Group Executive committee and the JD Group Risk Management
committee. He will also be appointed to the boards of various JD Group
subsidiaries.

Jan qualified as a chartered accountant and entered the furniture
industry with Gommagomma Holdings Proprietary Limited (now Steinhoff
Africa Holdings Proprietary Limited) in 1989. Since then, he has
held several positions within the Steinhoff Group. He has wide
operational experience including that of managing director of
Steinhoff Africa Group Services, Steinhoff International Group
Services and from 2001, he served as an executive director of
Steinhoff International Holdings Limited.

Amongst other, Jan acted as CFO for Steinhoff International Holdings
Limited, served on the board of Unitrans Holdings Proprietary
Limited, was a member of the audit and risk committee of KAP
International Holdings Limited and held the position of Chief
Executive Officer of PG Bison.

David Sussman, JD Group’s Chairman, commented as follows on the
Board changes: “The Directors welcome Jan to the Board. We are
pleased to have found such an experienced CFO to replace Bennie.
Jan’s   wealth  of   experience  will   add   value  to   our Board
deliberations. Bennie is an outstanding leader who will drive our
consumer finance business to new heights and we are looking forward
to his contribution in this important area of our business.”

Since the afore-mentioned Board changes will take effect on 1 March
2013, Jan will work closely with Bennie over the next four months in
a succession role to ensure a seamless handover.

Following these appointments, the Board remains fully King III
compliant in that a majority of its members are non-executive
directors, of whom the majority is independent.

The Board wishes both Bennie and Jan well in their new roles.


Johannesburg
19 October 2012



JD Group Limited Registered office
11th Floor, JD House, 27 Stiemens Street, Braamfontein,
Johannesburg, 2001
PO Box 4208, Johannesburg, 2000
Telephone +27 11 408 0408
Facsimile +27 11 408 0604
Email: info@jdg.co.za
www.jdgroup.co.za

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