ISA                                                                             
ISA - ISA Holdings Limited - Change to the board of Directors                   
ISA HOLDINGS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/009608/06)                                            
JSE Share code: ISA                                                             
ISIN: ZAE000067344                                                              
("ISA" or "the Company")                                                        
CHANGE TO THE BOARD OF DIRECTORS                                                
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
notification is hereby given that Thapeli Matsabu has been appointed as an      
independent non-executive director and a member of the Audit Committee, with    
immediate effect.                                                               
24 May 2012                                                                     
Johannesburg                                                                    
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 24/05/2012 10:07:02 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.