Changes to the board Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) CHANGES TO THE BOARD OF DIRECTORS In compliance with section 3.59 of the JSE Listing Requirements, shareholders of the Company are notified that Mr. Frederick Botha has resigned as Financial Director of Insimbi, effective from 1 April 2013. Shareholders attention is drawn to the SENS announcement dated 28 February 2012 which confirmed the appointment of Mr Botha as Group Financial Director in a caretaking capacity pending the appointment of a suitable candidate for the position. He will however remain in his role as Commercial Director of Insimbi. The Board of Insimbi are pleased to announce that Mr. Graham Ferns has been appointed as the Financial Director of Insimbi with effect from 1 April 2013. Mr. Ferns is a chartered accountant with many years’ financial and business management experience in a listed environment. Mr Ferns has been employed by the Group since 1st February 2012 as a consultant to the financial director and has gained an intimate knowledge of the group and the role of FD during his 14 month tenure as a consultant and he has now accepted a full time appointment to this position. We welcome Mr. Ferns to the Board of Insimbi. Johannesburg 2 April 2013 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 02/04/2013 08:32:00 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.