Media Announcements

Appointment of independent non-executive directors

19 October 2011

In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, the Wesizwe Board of Directors is pleased to announce that Prof Wiseman Nkuhlu and Mr Robert (Bob) Garnett have been appointed as independent non-executive directors of the Company with effect from 17 October 2011.

Prof Wiseman Nkuhlu is a director of AngloGold Ashanti Ltd, Datatec Limited, Rothschild SA and Ethics Institute of South Africa. He served as President of the International Organisation of Employers in Geneva from May 2008 to June 2011. In his capacity as President of the International Organisation of Employers, he participated annually in United Nations High Level discussions on global issues including Climate Change, Sustainability and the Global Compact. He served as a member of the Global Financial Crisis Advisory Panel established jointly by the International Accounting Standards Board and the Financial Accounting Standards Board in January 2009 to advise on the accounting standards setting implications of the Global Financial Crisis.

Mr Bob Garnett is a chartered accountant with almost forty years’ experience in mining, manufacturing and financial services. He has recently retired from the IFRS Foundation after completing ten years as an IASB Board Member and Chair of the IFRS Interpretation Committee. Immediately prior to that, he was executive vice-president: Finance of Anglo American plc and a director of several of its South African subsidiaries and affiliates.

Both Prof Wiseman Nkuhlu and Mr Bob Garnett will be members of the Audit & Risk Committee of the Company.

17 October 2011

Investec Bank Limited

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