EQS/LMID - Eqstra Holdings Limited/Lereko Mobility Limited - Conversion and

EQS/LMID - Eqstra Holdings Limited/Lereko Mobility Limited - Conversion and     
listing of Eqstra ordinary shares in terms of the Lereko BEE transaction        
Eqstra Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/011672/06)                                            
Share code: EQS & ISIN: ZAE000117123                                            
("Eqstra")                                                                      
Lereko Mobility (Proprietary) Limited                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 2004/034154/07)                                            
Share code: LMID    & ISIN: ZAE000067229                                        
("Lereko")                                                                      
CONVERSION AND LISTING OF EQSTRA ORDINARY SHARES IN TERMS OF THE LEREKO BEE     
TRANSACTION                                                                     
Shareholders are referred to the Imperial Holdings Limited ("Imperial") circular
dated 6 June 2005, the Lereko pre-listing statement dated 12 May 2005, and the  
Eqstra unbundling circular dated 20 March 2008 and various SENS announcements   
including the Imperial results announcement dated 25 August 2010, wherein the   
issue of convertible B deferred ordinary shares to Lereko in terms of the Black 
Economic Empowerment ("BEE") transaction, was detailed ("Lereko BEE             
transaction").                                                                  
Shareholders are now advised that, in terms of the Lereko BEE transaction, the B
deferred ordinary shares held by Lereko have been automatically converted into  
14 516 617 Eqstra ordinary shares and listed on the JSE Limited on 30 September 
2010. The shares were issued at a par value of R0.001 each.                     
Prior to the conversion, Lereko forward sold 8 630 195 Eqstra ordinary shares in
order to settle the Lereko Debentures and Preference shares. Following the      
conversion and settlement of the forward sale obligations, Lereko now holds 5   
886 422 Eqstra ordinary shares.                                                 
Johannesburg                                                                    
30 September 2010                                                               
Sponsor:                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Date: 30/09/2010 09:01:02 Supplied by www.sharenet.co.za                     
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