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Mon 6 Mar 2006, 14:11 Orion - Update on Board of Directors
ORE   ALA
 ORE                                                                             
Orion - Update on Board of Directors                                            
Orion Real Estate Limited                                                       
(Formerly Alpina Investments Limited)                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/021085/06                                             
CODE ORE & ISIN ZAE000048377                                                    
("Orion")                                                                       
UPDATE ON BOARD OF DIRECTORS                                                    
In compliance with Section 3.59(a)(b) and (c) of the JSE Limited"s Listings     
Requirements, shareholders are advised of the following appointments to the     
board of directors of Orion:                                                    
Franz Gmeiner (Director), Prof. Antoinette Christine Gmeiner (Non-Executive     
Director) and Andre John Parker (Non-Executive Director) with effect from today,
6 March 2006.                                                                   
Johannesburg                                                                    
6 March 2006                                                                    
Sponsor:                                                                        
Imara Corporate Finance South Africa (Pty) Limited                              
Date: 06/03/2006 02:11:01 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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