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Mon 29 May 2006, 14:56 Glenrand M.I.B Limited - Appointment Of Chairman
GMB
 GMB                                                                             
Glenrand M.I.B Limited - Appointment Of Chairman                                
Glenrand M.I.B Limited                                                          
(a Licensed Financial Services Provider)                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008001/06)                                            
Share Code: GMB   ISIN:  ZAE000078010                                           
("Glenrand M.I.B") or ("the Group")                                             
APPOINTMENT OF CHAIRMAN                                                         
In compliance with rule 3.59 of the Listing Requirements of the JSE Limited, the
following information is disclosed:                                             
As part of the Group"s process of transformation, Allan Mansfield has           
voluntarily stepped down as non-executive Chairman of the Board, with effect    
from 30 June 2006. The Board is pleased to advise that Dr Dudu Kunene has been  
appointed as non-executive Chairman of the Board, with effect from 1 July 2006, 
when he will relinquish his executive duties. Allan Mansfield will continue to  
serve as a non-executive director and serve on the various Board committees of  
which he is a member.                                                           
Randburg                                                                        
29 May 2006                                                                     
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 29/05/2006 02:56:51 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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