CHEMICAL SPECIALITIES LIMITED - New appointments to the board

New appointments to the board

Chemical Specialities Limited
Incorporated in the Republic of South Africa)
Registration number (2005/039947/06)
Share code: CSP
ISIN: ZAE000109427
("Chemspec" or "the Company")

NEW APPOINTMENTS TO THE BOARD

In accordance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the ChemSpec Board of directors (“the Board”) are pleased to
announce the appointment of Mr William Waller and Mr Robert Simpson to the
Board as executive directors with immediate effect.

Mr William Waller was appointed as head of industrial sales for ChemSpec in
January 2013 and recently head of Africa development. He was previously
head of industrial sales at Kansai Plascon before joining ChemSpec. Mr
Waller has been in the coatings business for over 6 years and has acquired
a wealth of experience through his previous career in the steel, telecoms
and clothing industries.

Mr Robert Simpson has 33 years’ experience in coatings industry and more
specifically in the automotive refinish coatings market having worked for
Plascon and BASF. He owned his own refinish distribution business which he
restructured and subsequently sold to BASF Coatings. He then led the
Glasurit automotive refinish business for BASF as Managing Director before
joining ChemSpec in 2009 to head up the USA business venture. Mr Simpson
now heads up the global automotive business for ChemSpec including the USA,
Australia and Southern Africa and relocated back to South Africa earlier
this year.

Baron Schreuder (CEO) said “we have completed a restructure of the
business, with emphasis on bringing the relevant skills into the various
teams. At the executive level we now have some significant coatings
experience which will help focus the business on converting the
opportunities we have in the market”

Durban
10 April 2014
Designated advisor
Grindrod Bank Limited

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