CROOKES BROTHERS LIMITED - Update regarding legal outcome of Komatipoort Estate

Update regarding legal outcome of Komatipoort Estate

CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS     ISIN: ZAE000001434
(“Crookes” or the “company”)

DISPOSAL OF FARMING PROPERTIES KNOWN AS THE KOMATIPOORT
ESTATE, TO THE NATIONAL DEPARTMENT OF LAND AFFAIRS IN
ACCORDANCE WITH THE LAND RESTITUTION PROGRAMME OF THE
SOUTH AFRICAN GOVERNMENT

Further to a previous announcement released on SENS on 7
July 2010 wherein shareholders were advised that disputed
interest payments related to the disposal of the
Komatipoort Estate were subject to legal process, the
company is now able to report that the Supreme Court of
Appeal has ruled in its favour, the outcome of which is
that the company is to be paid the amount of R22.8
million plus interest and costs.


Renishaw
28 September 2012

Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)

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