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Tue 11 May 2010, 17:48 SKW - Skinwell Holdings Limited - Changes to the board of directors
SKW
SKW                                                                             
SKW - Skinwell Holdings Limited - Changes to the board of directors             
SKINWELL HOLDINGS LIMITED                                                       
(formerly Placecol Holdings Limited)                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/025374/06)                                            
JSE code: SKW                                                                   
ISIN: ZAE000135893                                                              
("the company")                                                                 
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with the JSE Listings Requirements, shareholders are advised that,
due to operational requirements, the company engaged in a restructuring process 
which resulted in the resignations of Messrs SF Grobbelaar and JM Swart as      
directors with effect from 10 May 2010. The Board would like to thank Messrs SF 
Grobbelaar and JM Swart for the valuable contribution to the board and wishes   
them well in their future careers.                                              
Shareholders are furthermore advised of the appointment of Ms Esna Colyn, B Com 
(Hons) CA SA, as the Chief Executive Officer of the company with effect from 11 
May 2010.  Esna has more than 15 years` experience in investment banking,       
private equity and corporate finance.  During her career she also gained        
experience as a shareholder and director in a manufacturing concern in the      
health industry.                                                                
MIDRAND                                                                         
11 May 2010                                                                     
Designated Advisor                                                              
Grindrod Bank Limited                                                           
Date: 11/05/2010 17:48:19 Produced by the JSE SENS Department.                  
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