ISA HOLDINGS LIMITED - Changes To The Board Of Directors: Appointment And Resignation Of Directors

Changes To The Board Of Directors: Appointment And Resignation Of Directors

ISA Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009608/06)
Share code: ISA ISIN: ZAE000067344
(“ISA” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS: APPOINTMENT AND RESIGNATION OF DIRECTORS


Further to the announcement realised on SENS on 1 August 2014 and in compliance with paragraph 3.59
of the Listings Requirements of JSE Limited, the board of directors of ISA (“the Board”) is pleased to advise
its shareholders that Mr Njabulo Mthembu has been appointed as an independent non-executive director
and a member of the Audit and Risk Committee with effect from 30 January 2015.

Njabulo holds a BA in economic history and industrial psychology from Natal University, and a BS in
accounting (Magna cum laude) and a MS (accounting) from Long Island University, New York. He was
admitted to the American Institute of Certified Public Accountants (CPA) in 1997. Njabulo holds a senior
position at the Industrial Development Corporation, prior to which he held an executive position at Treacle
Private Equity, a venture capital and private equity firm. Prior to his nine years at Treacle Private Equity,
Njabulo spent four years in New York as a senior associate at Deloitte and Touche.

The Board welcomes Njabulo and looks forward to his contribution to ISA.

In addition, the Board hereby notifies its shareholders that Mr Thapeli Matsabu has resigned as a non-
executive director with effect from 30 January 2015. Thapeli remains employed by the Group as Chief
Executive Officer of a new business venture, DataProof Communications, which ISA is undertaking in
partnership with Thapeli.

The Board thanks Thapeli for his contribution to the Board.


Johannesburg
30 January 2015


Designated Adviser
Merchantec Capital

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