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ING - Ingenuity Property Investments - Changes to the Board of Directors        
INGENUITY PROPERTY INVESTMENTS LIMITED                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 2000/018084/06)                                            
ISIN: ZAE000127411 & JSE share code: ING                                        
("Ingenuity")                                                                   
CHANGES TO THE BOARD OF DIRECTORS                                               
Ingenuity shareholders are advised, in compliance with rule 3.59 (b) of the     
JSE Limited Listings Requirements, that Mr Rodney Squire-Howe has been          
appointed as independent non-executive director to Ingenuity`s board of         
directors ("the board"). Mr Squire-Howe will also hold the position of          
chairman of the board.                                                          
Mr Squire-Howe is currently a director of various investment and property       
companies. During his career he held both executive and director positions in   
the Norwich Life financial services and insurance group, involved primarily     
in the financial asset management and property companies of this group.         
During a 15 year tenure as managing director of the property company, he was    
responsible for the development and management of a prime property portfolio    
throughout South Africa.                                                        
Subsequently, he was the co-founder of the Spire Property Services Group and    
under the auspices of this group, was the chief executive of the listed         
Paramount Property Fund, which assembled a substantial property and             
development portfolio through South Africa which was subsequently sold to       
Growthpoint.                                                                    
Cape Town                                                                       
19 March 2010                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 19/03/2010 12:42:20 Produced by the JSE SENS Department.                  
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