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Thu 23 Feb 2017, 9:00 INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - Changes to board
IDCP05 IDCP06 IDCG06 IDCP04 IDCG08 IDCG03 IDCG04 IDCG05 IDCG09 IDCG10 IDCG11 IDCG02 IDCG07 201702230018A
Changes to board

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”)


REGISTRATION NUMBER: 1940/014201/06


22 February 2017


JSE Code:     ISIN:
IDCG02        ZAG000110164
IDCG03        ZAG000110149
IDCG04        ZAG000121682
IDCG05        ZAG000121716
IDCG06        ZAG000121732
IDCG07        ZAG000131350
IDCG08        ZAG000131368
IDCG09        ZAG000141011
IDCG10        ZAG000141029
IDCG11        ZAG000141037
IDCP04        ZAG000100629
IDCP05        ZAG000103896
IDCP06        ZAG000120395



CHANGES TO BOARD


In compliance with paragraph 7.20(b) of the Debt Listing Requirements
of the JSE Limited, note holders are advised that Mr Brian Molefe has
resigned from the Board of Directors of the Industrial Development
Corporation ("the Board") with effect from 25 January 2017.


The   Board   thanks   Mr   Molefe   for   his   valuable   contribution   to   the
Industrial Development Corporation and wishes him well in the future.


Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank
Limited

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