BUILDMAX LIMITED - Further announcement relating to SENS announcements released on 1 and 28 August 2014 and withdrawal of cautionary

Further announcement relating to SENS announcements released on 1 and 28 August 2014 and withdrawal of cautionary

Buildmax Limited
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
("Buildmax" or the “Company”)

FURTHER ANNOUNCEMENT RELATING TO SENS ANNOUNCEMENTS RELEASED ON 1 and 28 AUGUST 2014 
AND WITHDRAWAL OF CAUTIONARY

Further to the announcements referred to above, shareholders are hereby advised of the following:


1. Sale of Business and Assets by Buildmax Aggregates and Quarries (Pty) Limited (“BAQ”)
   All the conditions precedent in terms of the sale of business and assets agreement with Raubex
   Group Limited and its wholly owned subsidiary Raumix Aggregates (Pty) Limited have been fulfilled
   or waived and the proceeds of the transaction have been received by BAQ.


2. Interest in acquiring the entire issued share capital of Buildmax
    Due to the current risks associated with the contract mining and civils sectors generally, the third
    party who had expressed an interest in acquiring the entire issued share capital of Buildmax has
    decided to withdraw prior to commencing with due diligence. Accordingly, shareholders are advised
    that caution need no longer be exercised when dealing in the Company’s securities.


3. Restructuring and cost saving initiatives
    Management confirm that these initiatives have been implemented and significant savings will be
    realised. With an on-going commitment from the senior management team, a leaner operating
    structure, relatively modern operating assets, an outstanding service track record and a solid
    tangible net asset value (“TNAV”) underpin, the Company is well positioned to take advantage of
    contracting prospects within the opencast mining sector in Africa.


Benoni
16 September 2014


 Sponsor to Buildmax                                Legal advisers to Buildmax

 Questco (Pty) Ltd                                  Webber Wentzel

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