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Wed 29 Feb 2012, 15:16 VLE - Value Group Limited - Directorate confirmation: appointment of
VLE
VLE                                                                             
VLE - Value Group Limited - Directorate confirmation: appointment of            
independent non-executive director                                              
Value Group Limited                                                             
(Incorporated in the Republic of South Africa)                                  
Registration number: 1997/002203/06                                             
Share code:  VLE                                                                
ISIN code:  ZAE000016507                                                        
("Value" or "the company`)                                                      
DIRECTORATE CONFIRMATION: APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR     
Further to the SENS announcement dated 4 November 2011 wherein Mr Velile        
Welcome Mcobothi was appointed as non-executive director of the Company,        
shareholders are advised that Velile is now classified as an independent        
non-executive director of the Company effective 29 February 2012.  In           
addition, Velile has been appointed to the boards of the Audit and Risk         
Committee and the Social and Ethics Committee.                                  
The board congratulates Velile on his new appointments.                         
Johannesburg                                                                    
29 February 2012                                                                
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 29/02/2012 15:16:01 Produced by the JSE SENS Department.                  
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