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MKL - Makalani Holdings Limited - Results of general meeting of Unitholders and preference shareholder MAKALANI HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 2005/000726/06 Share code: MKL ISIN: ZAE000066700 ("Makalani" or "the Company") RESULTS OF GENERAL MEETING OF UNITHOLDERS AND PREFERENCE SHAREHOLDER Makalani linked unitholders ("Unitholders") are referred to the firm intention announcement released on SENS on 23 February 2010 and the announcement released on SENS on 6 April 2010 and the circular posted to Unitholders on 9 April 2010 relating to: * an amendment to the articles of association of Makalani; * a specific authority to repurchase shares; * specific authorities to issue shares for cash; * an offer by the Company to repurchase from unitholders all their shares and simultaneously repay the debentures linked thereto (the "Offer"); * a waiver in terms of rule 8.7 of the SRP Code; and * the proposed delisting of the Company from the JSE Limited. Unitholders are advised that the necessary special resolutions required to amend the articles of association of Makalani, the specific authority to repurchase shares, the delinking of linked units in respect of which the offer has or will be accepted and the amendment to the debenture trust deed were approved unanimously. Unitholders are further advised that the necessary ordinary resolutions required to apply for the delisting of Makalani, the specific issue of shares for cash to RMB Investments and Advisory (Proprietary) Limited, the specific issue of shares for cash to Makalani Management Company (Proprietary) Limited, the waiver in terms of Rule 8.7 of the SRP Code and the general authority to implement the passed resolutions were approved unanimously. The special resolutions have been lodged with the Companies and Intellectual Property Registration Office for registration and a finalisation announcement will be released once all of the conditions precedent have been fulfilled. A further announcement containing the results of the Offer is expected to be released on or about 31 May 2010. Illovo 5 May 2010 Merchant bank and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Independent Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Legal advisor Edward Nathan Sonnenbergs Inc Date: 05/05/2010 13:28:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
