Changes to the Board of Directors NUTRITIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2004/002282/06) Share Code: NUT ISIN: ZAE000156485 (“Nutritional Holdings” or “the Company”) CHANGES TO THE BOARD OF DIRECTORS In line with the policy of the board of directors (“the board”) to maintain high-quality corporate governance and in compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited and to ensure compliance with King III, shareholders are hereby informed of the following changes to the board and members of board committees: - the resignation of Mrs JA Etchells as a non-executive director from the board. Mrs Etchells will remain as Company Secretary; - the resignation of Mr AR Pinfold as a member of the audit committee; - the appointment of Mr AR Pinfold as a member of the remuneration committee; and - the appointment of Dr C Kapnias as an independent non-executive director to the board as well as a member of the audit committee. Dr Kapnias operated in private practice from 1993 to 2006. He then moved his attention to the Wellness and Nutriceutical industry, having owned various companies in the preventative medicine market. He has been integrally involved in sports performance and sports injury rehabilitation and has worked with various international athletes and sports teams over the years. Dr Kapnias has been involved in HIV research for a number of years having collaborated with Prof Richard Bunn from the Medical Research Council of South Africa and brings with him a unique skill-set that will enhance the Company’s ability to unlock potential in those markets segments that Nutritional has traditionally operated in as well as new markets where the Company’s product base has synergy. The abovementioned changes will all be effective from 15 August 2014. Durban 15 August 2014 Designated advisor: PSG Capital Proprietary Limited Date: 15/08/2014 10:00:00 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.