CGR - Calgro M3 Holdings Limited - Update On Changes To The Board Of Directors

CGR - Calgro M3 Holdings Limited - Update On Changes To The Board Of Directors  
CALGRO M3 HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration Number 2005/027663/06)                                            
Share Code:  CGR    ISIN:  ZAE000109203                                         
("Calgro" or "the company")                                                     
UPDATE ON CHANGES TO THE BOARD OF DIRECTORS                                     
Shareholders are referred to the SENS announcement released on 12 December      
2008 whereby it was advised that the Chairperson of the Board had accepted the  
resignation of Mr Peter Waweru as CEO of the company with effect from 28        
February 2009.                                                                  
Shareholders are advised that the company`s Board of Directors have accepted    
Peter Waweru`s resignation as CEO and director of the company with effect from  
31 January 2009.  Mr Ben Pierre Malherbe (current Chief Operating Officer)      
will act as CEO of the company until such time as a newly appointed CEO can     
take up office.                                                                 
Johannesburg                                                                    
2 February 2009                                                                 
Designated Adviser:   PSG Capital (Pty) Ltd                                     
Date: 02/02/2009 16:34:46 Supplied by www.sharenet.co.za                     
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