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Wed 26 Nov 2008, 15:56 IQG - Iquad - Changes To The Board
IQG
IQG                                                                             
IQG - Iquad - Changes To The Board                                              
IQuad Group Limited                                                             
(Incorporated in the Republic of South Africa)                                  
(Previously Indevco Holdings (Proprietary) Limited)                             
(Registration Number 2004/025177/06)                                            
Share code: IQG & ISIN: ZAE000101622                                            
("IQuad" or "the company")                                                      
CHANGES TO THE BOARD                                                            
In accordance with the provisions of paragraphs 3.59 (a) and (b) of the Listings
Requirements of the JSE Limited, notification is hereby given that the Board of 
Directors of the company ("the Board") have approved the appointment of Mr      
Francois Swart and Ms Samara Totaram as a non-executive directors with immediate
effect who takes the place of Mr Pierre Malan who has tendered his resignation  
also with immediate effect.                                                     
The Iquad board welcomes the appointment of Francois and Samara, and we look    
forward to their valued input.                                                  
Francois is a qualified chartered accountant and a CFA Charterholder. Prior to  
joining PSG Capital, Francois was based in London for 4 years with Goldman Sachs
International as an executive director in fixed income, currency and            
commodities. He joined PSG Capital in March 2007 and is primarily involved with 
new listings, capital raising exercises and general corporate finance           
consulting. He is also part of the PSG Group private equity management team.    
Samara is a qualified chartered accountant and completed her articles at        
Deloitte.  Prior to joining PSG Capital, Samara had spent 18 months at the Royal
Bank of Scotland in London and was responsible for the financial control and    
reporting of derivative and off-balance sheet transactions.                     
Samara joined PSG Capital in January 2007 and is primarily involved in new      
listings on the JSE, capital raisings, related party and other commercial       
transactions, valuations, fairness opinions and general corporate finance       
consulting. She is also responsible for day-to-day sponsor, designated adviser  
and JSE compliance work and assists the corporate finance team with other       
general transactions.                                                           
26 November 2008                                                                
Designated Adviser                                                              
PSG Capital (Pty) Limited                                                       
Date: 26/11/2008 15:56:01 Produced by the JSE SENS Department.                  
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