ALERT STEEL HOLDINGS LIMITED - Posting of a circular

Posting of a circular

Alert Steel Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2003/005144/06)
(Share Code: AET ISIN Code: ZAE000092847)
("Alert Steel" or "the Company")


POSTING OF A CIRCULAR


Shareholders are referred to the SENS announcements dated 17 May 2013 and11 April 2013
and are advised that the circular, regarding an unconditional offer by Cannistraro Investments
282 Proprietary Limited to all the other shareholders of Alert Steel for a purchase consideration of
54.58 cents per Alert Steel ordinary share and a responding circular by the independent board of
Alert Steel, and incorporating a form of acceptance, transfer and surrender to be used by
certificated shareholders only, has been mailed to shareholders today.

The timetable included in the circular is as follows:


                                                                                                2013
Offer opens at 09:00 on                                                               Monday, 15 July

The last day to trade for shareholders wishing to accept the offer will
be                                                                                   Friday, 23 August

Shares trade “ex” the offer as from                                                Monday, 26 August

Offer closes at 12:00 on                                                             Friday, 30 August

Record date to determine which shareholders may accept the offer                     Friday, 30 August

Results of the offer released on SENS                                           Monday, 2 September

Results of the offer published in the press                                     Tuesday, 3 September

Payment date                                                                  See notes 4 and 5 below

Notes:

1.   No dematerialisation or re-materialisation of Alert Steel shares will take place between
     Monday, 26 August 2013 and Friday, 30 August 2013, both days inclusive.

2.   All times indicated above are South African times.

3.   Offerees should note that acceptance of the offer will be irrevocable.

4.   Certificated Shareholders who accept the offer will have the offer consideration posted
     to them or transferred to them by way of EFT (depending on the election in the form of
     acceptance) by no later than the payment date, being within six business days of the
     date on which such shareholders deliver forms of acceptance and documents of title
     to the transfer secretaries with final payment being made on the first business day
     after the closing of the offer.
5.   Dematerialised Shareholders who accept the offer will have their accounts at their
     CSDP or broker updated by no later than the payment date, being within six business
     days of the date on which the CSDPs or brokers of such Alert Steel shareholders
     notify the transfer secretaries of their acceptance of the offer with final payment being
     made on the first business day after the closing of the offer.


15 July 2013
Johannesburg

Designated adviser
Exchange Sponsors

Date: 15/07/2013 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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