STANLIB Funds Ltd IRSH Resignation and Appointment of Directors

  STANLIB Funds Ltd (IRSH) - Resignation and Appointment of Directors

RNS Number : 4586R
19 November 2012

                         STOCK EXCHANGE ANNOUNCEMENT

For                                                                  Immediate 
Release 19
November, 2012

                            STANLIB Funds Limited


                  Re: Resignation & Appointment of Directors

The Directors  of  STANLIB Funds  Limited(the  "Fund") wish  to  announce  the 
resignation of  Steven Bowen  from the  Board of  Directors of  the Fund,  for 
business reasons, with effect from 20 November 2012.


The Directors of theFund also wish to announce the appointment of Neil  Deacon 
as a Director of the Fund, with effect from 20 November 2012

Neil Deacon

Neil Deacon  (British): Mr  Deacon  is a  Chartered  Fellow of  the  Chartered 
Institute for Securities and Investment. He has seventeen years experience in
financial services and is currently a director and owner of a  next-generation 
trading technology company. He has worked  for Ogier Group LP, Morgan  Stanley 
Quilter and Collins  Stewart C.I.  Ltd. and  has acted  as an  adviser to  RBS 
Coutts Channel Islands and Standard Bank Jersey Limited. He has experience as
a stockbroker, and has performed asset management roles with two hedge  funds, 
and a fund  of hedge funds.  He has  held risk management  positions in  both 
wealth and fund management businesses,  and has provided compliance advice  to 
fund boards.  He is  non-executive  chairman of  the  board of  STANLIB  Fund 
Managers Jersey  Limited, and  is a  non-executive director  of a  hedge  fund 
managed  account  platform  based   in  Guernsey  (SCIENS  Group   Alternative 
Strategies PCC Limited).

Neil Deacon has never:

(i) had any unspent convictions in relation to indictable offences; or

(ii) been bankrupt or the  subject of a voluntary  arrangement, or has had  a 
receiver appointed to any of his assets; or

(iii) been a director of  any company which, while he  was a director with  an 
executive function or within 12 months after  he ceased to be a director  with 
an executive  function,  had a  receiver  appointed or  went  into  compulsory 
liquidation,  creditors  voluntary  liquidation,  administration  or   company 
voluntary arrangements,  or  made any  composition  or arrangements  with  its 
creditors generally or with any class of its creditors; or

(iv) been a partner of any partnership, which while he was a partner or within
12 months after he ceased to  be a partner, went into compulsory  liquidation, 
administration  or  partnership  voluntary  arrangement,  or  had  a  receiver 
appointed to any partnership asset;

(v)  had  any  public  criticism  by  statutory  or  regulatory   authorities 
(including recognised professional bodies); or

(vi) been disqualified by a court from acting as a director or from acting  in 
the management or conduct of affairs of any company.

A list of past and current directorships and partnerships held by Neil  Deacon 
over the past 5 years is available  for inspection on request for a period  of 
14 days from the  date of this announcement  from J & E  Davy, Davy House,  49 
Dawson Street, Dublin 2.


STANLIB Fund Managers Jersey Limited Celina Collins +44 1534 881200
Davy                                 Rachel Cull    +353 1 614 8933

 This announcement has been issued through the Companies Announcement Service
                          the Irish Stock Exchange.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


ISEFMMMMZLGGZZM -0- Nov/19/2012 12:30 GMT
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