Appointment of CEO Gijima Group Limited (Incorporated in the Republic of South Africa) (Registration number 1998/021790/06) Share code: GIJ ISIN: ZAE000147443 ("the Company") APPOINTMENT OF CEO Following the resignation of Gijima’s former Chief Executive Officer, the Gijima Board decided to appoint our Chief Operating Officer, Ms Eileen Wilton, to the position of Interim CEO. Ms Wilton is highly experienced in the ICT environment and had served as Chief Information Officer for various multinational companies such as Anglo American and Old Mutual. Since assuming the Interim CEO position in October 2012, Eileen has worked tirelessly with the Board and management in pursuing and leading our turnaround strategy. She has reviewed various key projects, implemented a savings programme, led the successful R150m rights offer and has implemented a revised operating model. Furthermore, her interaction with shareholders, clients and staff created a sense of comfort and stability. The board appreciates the manner in which Eileen has been able, within a short period of time, to excel under difficult circumstances. The Board has now resolved to appoint Ms Wilton as the new CEO of Gijima with immediate effect. She has proved herself as a dedicated, transparent, honest and decisive CEO. EXECUTIVE CHAIRMAN The Gijima Board has for some time been trying to persuade its Chairman, Robert Gumede, to revert to the Executive Chairman role because of the challenges that the company has faced since 2010/11. The Chairman had served as Executive Chairman from the inception of Gijima. During that tenure he worked well with former CEO John Miller and they were able to turn the then ailing AST and the merged GijimaAst into a successful company. When John Miller retired, he was replaced by Jonas Bogoshi. Gumede continued as Executive Chairman, ensuring the business was in a strong financial position, had new private and public sector clients, hundreds of millions of cash in the bank, paid off short term debt, increased revenue to almost R3 billion, doubled the number of black staff members and paid maiden dividends. Gumede decided to resign in 2008 as an Executive Chairman, but remained as non-executive Chairman. He has been involved in the rights offer and invested R75m (50% of the R150m rights offer). Gumede has been working very closely with Eileen Wilton in the turnaround of Gijima. The Board has now succeeded in persuading Gumede to again become Executive Chairman until such time that the company turnaround is bedded down and Gijima is back to the glory days. Robert Gumede is appointed Executive Chairman with immediate effect. CFO & GROUP SALES DIRECTOR Further announcements will be made in due course relating to the CFO and Group Sales Director (Executive Board Members) positions at Gijima. Our recruitment process for the two key positions continues. The Board welcomes and wishes Robert Gumede and Eileen Wilton success in their new executive leadership positions. They are both hands-on business leaders and the Board is committed to continue working closely with and providing support to the Executive Management. “The Board is confident that Gijima has embarked on a new journey that will yield success for shareholders, clients, staff and the economy of our country,” says Dr Mark Bussin, chairman of the Gijima remuneration committee. Samrand 10 October 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 10/10/2013 11:00:00 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.