AH-VEST LIMITED - Appointment of Independent Non-Executive Directors

Appointment of Independent Non-Executive Directors

AH-Vest Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL ISIN code: ZAE000129177
(“AH-Vest” or “the Company”)



APPOINTMENT OF INDPENDENT NON-EXECUTIVE DIRECTORS


The Board of Directors of AH-Vest is pleased to announce the
appointment of Mr Marthinus Stephanus (Tony) Appelgryn as an
Independent Non-executive Director on the Board and Chairman
of the Audit Committee as well as Mr Haroon Takolia as an
Independent Non-executive Director on the Board and member of
the Audit Committee of AH-Vest with immediate effect.

Tony Appelgryn CA(SA)

Tony served as an auditor with accounting and auditing firm,
Coopers & Lybrand (today known as PriceWaterhouseCoopers) from
1990 to 1992. During this time he was appointed as audit
manager on various audits, notably of the Small Business
Development Corporation (today known as Business Partners),
where he gained valuable experience in assisting, starting up
and after caring of businesses. He served as Chairman of
The Junior Chamber of The Afrikaanse Sakekamer from 1994 to
1996. In 1993, Tony was one of the founding members of an
auditing and accounting practice, which went from strength to
strength, and today he is a Senior Partner of the auditing
company, ARC Chartered Accountants and Auditors Incorporated.


Haroon Takolia CA(SA) MBA (WITS)

Haroon is a qualified chartered accountant and holds an MBA
from the University of the Witwatersrand. He completed his
articles of clerkship at Fram Cohen Kaplan and Kramer in 1979
and currently heads Takolia and Co., an independent audit
practice with several high profile clients.       Haroon is a
respected auditor (with clients such as the National Union of
Mineworkers and South African Tennis Association) and has
varied business interests. He serves on a number of social and
educational boards as well as the Board and Audit committees
of Cape Empowerment Limited and Ascension Properties Limited.

The AH-Vest Board welcomes both Mr Appelgryn and Mr Takolia to
the Company and believes that their respective experiences and
independent objectivity will stand them in      good   stead   to
fulfil the functions required of their roles.

Johannesburg
13 December 2012

Designated Advisor
Arcay Moela Sponsors (Pty) Ltd

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