RESIGNATION OF GROUP CHIEF EXECUTIVE OFFICER

The Avusa Board wishes to announce that Prakash Desai will be stepping down as Group Chief Executive Officer and director on Monday, 3 October 2011.

Prakash Desai is presently the longest serving director on the Avusa Board.

Prakash has served, at the highest performance standard, as Group Chief Executive Officer for the past 5 years and has been with the Group in senior positions over the past 13 years.

The Board wishes to express its gratitude to Mr Desai for his years of leadership. Prakash Desai has tabled, that he will be taking up a new career challenge, after five years as CEO in Media and Entertainment.

The Board wishes to announce that the current divisional Managing Director of Media, Michael Robertson, has been appointed Acting Group Chief Executive Officer with effect from Monday, 3 October 2011.  During October, Mr Desai will work with Mr Robertson to ensure a smooth transition.

Statement issued by Avusa through the JSE SENS service, September 28 2011

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