Changes to the board of directors BOWLER METCALF LIMITED (Registration number: 1972/005921/06) Share code: BCF ISIN number: ZAE0000308797 (“Bowler Metcalf” or “the company”) CHANGES TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of Bowler Metcalf notifies shareholders that Mr Edgar George Tindale retired as an independent non-executive director and member of the audit and risk committee on 31 October 2012. The board thanks him for his contribution to the company over the past four years. The board is pleased to announce that Sarah Jane Gillett (Sonnenberg), B.Com. (Accounts and Economics), has been appointed as a non-executive director as from 1 November 2012 and replaces Mr Edgar George Tindale as a member of the audit and risk committee. Sarah qualified with a B.Com from Stellenbosch in accounting and economics in 1994 and has further training in marketing and negotiations. She has worked nationally and abroad, mainly in marketing and sales. Sarah has run, as MD, the family business of importation and distribution of products into the printing and architectural industries since 2010. Cape Town 1 November 2012 Sponsor Arcay Moela Sponsors (Pty) Limited Date: 01/11/2012 12:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.