Change To The Board Of Directors And Results Of Annual General Meeting

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of SilverBridge ("the Board") hereby notifies its shareholders that Mr David Smollan, a non-executive director, retired by rotation at today's annual general meeting, and although being eligible for re-election, did not offer himself up therefor due to time constraints. David is consequently, with effect from 25 June 2010, no longer a director of the company. He, however remains on the board of directors of SDT Financial Software Solutions (Proprietary) Limited, a subsidiary of the company. Furthermore, shareholders are advised that, at the annual general meeting of SilverBridge held today, all the ordinary resolutions and the special resolution as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.

Pretoria

25 June 2010

Designated Adviser

Merchantec Capital

Date: 25/06/2010 12:39:01 Supplied by www.sharenet.co.za

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