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Thu 22 Apr 2010, 16:37 IQG - IQuad Group Limited - Resignation as designated adviser
IQG
IQG                                                                             
IQG - IQuad Group Limited - Resignation as designated adviser                   
IQuad Group Limited                                                             
Incorporated in the Republic of South Africa                                    
Registration Number 2004/025177/06                                              
Share Code: IQG ISIN: ZAE000101622                                              
("IQuad" or "the Company")                                                      
RESIGNATION AS DESIGNATED ADVISER                                               
Shareholders are hereby advised that PSG Capital (Pty) Limited ("PSG Capital"), 
has resigned as the Designated Adviser ("DA"), to IQuad with effect from today, 
22 April 2010.                                                                  
The reason for the resignation is due to the fact that an associate of PSG      
Capital, who acts independently from PSG Capital, holds more that 20% of the    
issued ordinary share capital of the Company and as a result PSG Capital can no 
longer act as DA to the Company, as stipulated in terms of rule 21.26 of the    
Listings Requirements of the JSE Limited ("JSE").                               
The Company will appoint a new DA in due course as required in terms of the     
Listings Requirements of the JSE.                                               
22 April 2010                                                                   
Port Elizabeth                                                                  
Designated Adviser                                                              
PSG Capital (Pty) Limited                                                       
Date: 22/04/2010 16:37:11 Produced by the JSE SENS Department.                  
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