BDM - Buildmax Limited - Fulfilment of conditions to the partial offer to

BDM - Buildmax Limited - Fulfilment of conditions to the partial offer to       
Buildmax shareholders                                                           
BUILDMAX LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1995/012209/06)                                            
Share code: BDM  ISIN: ZAE000011250                                             
("Buildmax" or the "company")                                                   
FULFILMENT OF CONDITIONS TO THE PARTIAL OFFER TO BUILDMAX SHAREHOLDERS          
Shareholders are referred to announcements released on the Securities Exchange  
News Service ("SENS"), the last of which was dated 30 August 2010, relating to  
the partial offer to Buildmax shareholders.                                     
Shareholders are advised that all of the conditions to the partial offer have   
been fulfilled. The salient dates in respect of the partial offer are as set out
in the announcement released on SENS on 20 August 2010. The partial offer is    
open to Buildmax shareholders registered as such as at the close of business on 
Friday, 10 September 2010, being the record date to participate in the partial  
offer and will close on Monday 27 September 2010.                               
Brait IV Investment L.P and Brait IV SA Partnership (together "Brait")and       
Coronation Asset Management (Proprietary) Limited have provided confirmation to 
the Securities Regulation Panel that they have resources available which are    
sufficient to satisfy a full acceptance of the partial offer.                   
3 September 2010                                                                
Corporate advisor, legal advisor and sponsor to Buildmax                        
Java Capital                                                                    
Financial advisor to Buildmax                                                   
Macquarie First South Advisers (Proprietary) Limited                            
Independent advisor to Buildmax                                                 
PKF Corporate Finance (Proprietary) Limited                                     
Corporate advisor to Brait                                                      
QuestCo (Proprietary) Limited                                                   
Legal advisor to Brait                                                          
Read Hope Phillips Attorneys                                                    
Independent Technical and Economic Advisor                                      
Venmyn Rand (Proprietary) Limited                                               
Date: 03/09/2010 12:17:01 Supplied by www.sharenet.co.za                     
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