Appointment of Directors BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1968/013656/06) Share Code: BEL ISIN: ZAE000028304 ("Bell" or "the Company") APPOINTMENT OF DIRECTORS In terms of section 3.59 of the Listings Requirements of JSE Limited, the board of directors of Bell ("Board") has pleasure in announcing that at its meeting held on 30 November 2015 the Board appointed two new independent non-executive directors effective 1 January 2016 and welcomes them to the Board. The details of the two new directors are listed below, together with a brief CV of each director: - Derek Hamilton Lawrance B.Com (Economics) Wits University; C.A.(S.A.) Derek has been successful in managing multi-disciplinary environments, including joint ventures with both local and foreign partners; the development and implementation of high-level business strategies requiring negotiating and problem solving skills, as well as a knowledge of the legal, financial and operational issues pertaining thereto. He currently acts both as an independent director, chairman or deputy chairman of the following companies: The Thekwini and Amber House Funds Ltd, which are part of the SA Home Loans Group, Expand a Sign International (Pty) Ltd, Bosch Projects (Pty) Ltd, Mion Holdings (Pty) Ltd and ART Solar (Pty) Ltd. - Hendrik Roux van der Merwe BA(Law) and LLB, University of Stellenbosch; LLM(Tax) University of Witwatersrand Hennie initially practiced as a commercial, corporate and litigation attorney in Johannesburg, handling a number of major mergers, acquisitions and JSE listings transactions in the course of his practice. He has held and continues to hold senior executive positions and directorships in large stock exchange listed corporate entities in the industrial sector and has extensive experience in the implementation of growth and turnaround strategies in the banking and commercial sectors, both in South Africa and abroad. Since 1997 he has been an executive director and subsequently Managing Director of Trencor, a company listed on the JSE. He continues to serve on boards of directors of various companies, both listed and unlisted, including Trencor and companies controlled by or associated with it. Richards Bay 1 December 2015 Sponsor RAND MERCHANT BANK (a Division of FirstRand Bank Limited) Date: 01/12/2015 04:52:00 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.