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 Shareholders are hereby notified that that Mr. Graham Ferns has resigned as Financial Director of Insimbi with effect from 1 February 2014 to pursue opportunities in the private sector. Mr. Frederick Botha (CA(SA)), Commercial Director for the past 11 years and to whom the Financial Director reported during his tenure, will with effect from 1 March 2014 also assume the day to day responsibilities of the Financial Director of Insimbi. Mr. Botha is well versed in the role as he has acted in this capacity on previous occasions, and has remained integrally involved in the financial and reporting requirements of the group while still acting in his current capacity. He will therefore continue to act in both roles as the synergies are significant. The Board of Insimbi wish to thank Mr. Graham Ferns for his leadership and the contribution he has made both as Financial Director and as a consultant, and wishes him every success with his new career. Johannesburg 31 January 2014 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 31/01/2014 04:30:00 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.