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LEANNE BUCKHAM APPOINTED CHIEF EXECUTIVE OF HOMECHOICE

15 April 2013

Cape Town – Leanne Buckham has been appointed chief executive officer of leading direct marketing retailer HomeChoice.

She succeeds Shirley Maltz who has been promoted to group CEO of HomeChoice Holdings.

A chartered accountant by profession, Leanne has returned to South Africa after working in London for the past 22 years. She was most recently a principal at Permira Advisers, one of the largest European private equity firms, where she was responsible for investments in the retail and consumer sectors. She also served as a non-executive director of the British-based global fashion retailer, New Look.

Leanne was previously a director of PricewaterhouseCoopers in London and also worked as a consultant at NatWest Bank.

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Issued by Tier 1 Investor Relations on behalf of HomeChoice Holdings

For further information, kindly contact:

Graeme Lillie, Tier 1 Investor Relations 021 702 3102 / 082 468 1507

Background on HomeChoice: HomeChoice is a leading multi-channel direct marketing retailer offering an extensive range of homewares merchandise and household textiles on credit. The business targets the rapidly expanding urban middle income mass market (LSM 4 to 8), with 84 percent of HomeChoice customers being female. Currently 8 percent of the group’s revenue is generated from the neighbouring countries of Namibia, Botswana, Lesotho and Swaziland.