Appointment of Directors BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“Bell Equipment” or “the Company”) APPOINTMENT OF DIRECTORS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors (“Board”) has appointed two new independent non-executive directors effective 20 March 2017 and welcomes them to the Board. The details of the two new directors are listed below, together with a brief CV of each director: - Raj Naidu B Com, University of Cape Town; C.A. (S.A.) Postgraduate Diploma in Accountancy, University of Kwa-Zulu Natal Postgraduate Diploma in Banking Law, University of Johannesburg Raj was a partner at Deloitte in the Financial Institutions Team and Corporate Finance practices. He was previously a group general manager at Sasol Limited responsible for corporate finance, investor relations and shareholder value management and during this time, Raj chaired the audit committee of Sasol Petroleum International, served on the board of trustees for Sasol’s Group Enterprise Development Trust and worked closely with global investment banks and global consulting firms. Raj currently manages the Pritor group of companies that provide corporate development advisory and investment services. - Mamokete Ramathe B Com (Financial Accounting) (Business Finance), University of the Witwatersrand B Com Honours (Business Management), University of South Africa Masters Degree (Development Finance), University of Stellenbosch Masters Degree in Leading Innovation and Change, York St John University Mamokete’s career has spanned across corporate finance advisory, private equity finance, mezzanine finance and infrastructure project finance. She is a member of the Institute of Directors Southern Africa, member of the International Women’s Forum South Africa, member of the Board of Trustees for Vodacom Provident Fund and a non- executive director of Novate Advisory (Pty) Ltd. Mamokete is currently the executive head in the mergers and acquisitions division at Vodacom Group Pty Ltd, responsible for evaluating and executing acquisition opportunities and other corporate activity. The appointment of Raj and Mamokete will enhance the independence of the Board’s composition and the Board looks forward to their contribution. Richards Bay 15 March 2017 Sponsor INVESTEC BANK LIMITED Date: 15/03/2017 04:27:00 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.