CHROMETCO LIMITED - Appointment to the Board of Directors

Appointment to the Board of Directors

CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)

APPOINTMENT TO THE BOARD OF DIRECTORS

In compliance with section 3.59 of the Listings Requirements of
the Johannesburg Stock Exchange (“JSE”), shareholders are
advised of the appointment of Mr Namir Waisberg as an Executive
Director and Chief Financial Officer of Chrometco with immediate
effect.

Mr Waisberg is a Qualified Actuary (Cum Laude) and CFA
Charterholder. He has over 13 years of experience within risk
and financial management; mergers and acquisitions; and treasury
and capital raising. He has been an Executive Director and the
Chief Financial Officer of the Sail Group of companies, a global
Chrome trading and mine investment company, since 2014. Mr
Waisberg has also served as a board member of the FTSE/JSE Index
Committee since 2006.

The Chrometco board welcomes Mr Waisberg to the Company.

9 September 2016
Johannesburg

Designated advisor
PSG Capital Proprietary Limited

Date: 09/09/2016 08:30:00 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.