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 In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the following changes to the board of directors of Insimbi (“the Board”) is announced: Mr. Daniel O’Connor will retire as chairman and non-executive director of Insimbi at the Annual General Meeting (“AGM”) of the Company being held on 25 June 2015. Accordingly Mrs Lerato Okeyo (formerly Mashologu) is appointed as independent chairman of the Board. The appointment will take effect from 25 June 2015. Lerato has served as an independent non-executive member on the Board since 19 March 2008. The Board of Insimbi wish to thank Daniel for his leadership and the contribution he has made as chairman to the board, and wishes him well in his retirement. The Board have identified an independent non-executive director as a replacement which will be announcement in due course. The board anticipates that the new appointment will go on to chair the audit and risk committee in compliance with the JSE Listing Requirements and King III. Johannesburg 19 June 2015 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 19/06/2015 12:10:00 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.