Results of AGM and Changes to the board IFA Hotels & Resorts Limited Registration number 1919/001318/06 Share code: IFH ISIN: ZAE000075669 ("IFA" or "the Company) - RESULTS OF ANNUAL GENERAL MEETING ("AGM") - CHANGES TO THE BOARD Results of AGM Shareholders are advised that all of the ordinary and special resolutions tabled at the AGM held today, Tuesday, 30 April 2013, were passed by the requisite majority of shareholders. The special resolutions, where applicable, will be filed with the Companies and Intellectual Property Commission in due course. Changes to the Board In terms of paragraph 3.59 of the JSE Limited’s Listings Requirements, shareholders are advised of the following appointments: - Ms Krishnee Pillay CA(SA) (36), has been appointed as executive financial director of the Company with effect from 1 May 2013. She relinquishes her current role as IFA’s Vice President Finance. Krishnee is a chartered accountant with many years’ financial and business management experience; and - Phillip Guy Rene’ de Sylva (57), who is currently IFA’s Vice President Operations and executive director of the Company, has been appointed as company secretary with effect from 1 May 2013. The Board wishes Krishnee and Phillip well in their new roles with the Company. Zimbali 30 April 2013 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 30/04/2013 03:08:00 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.