ABU - A.B.E. Construction Chemicals Limited - Court sanctioning of scheme of

ABU - A.B.E. Construction Chemicals Limited - Court sanctioning of scheme of    
arrangement                                                                     
A.B.E. CONSTRUCTION CHEMICALS LIMITED                                           
(Incorporated in the Republic of South Africa)                                  
(Registration Number:  1982/005383/06)                                          
Share Code:  ABU    ISIN:  ZAE000102059                                         
("a.b.e.")                                                                      
COURT SANCTIONING OF SCHEME OF ARRANGEMENT                                      
Shareholders are referred to the announcement regarding the results of the      
scheme meeting published on SENS on Monday, 23 August 2010, in which            
shareholders were advised that the requisite majority of scheme members present 
and voting, either in person or by proxy, approved the scheme of arrangement in 
terms of section 311 of the Companies Act, No. 61 of 1973, as amended, proposed 
by Chryso Southern Africa (Proprietary) Limited ("Chryso") between a.b.e. and   
the shareholders of a.b.e. in terms of which Chryso will acquire 100% of the    
issued shares in a.b.e., which constitutes a total of 100 000 000 shares        
("scheme shares"), for a total cash consideration of R200 000 000, equalling    
R2.00 per scheme share ("the scheme").                                          
Shareholders are advised that the KwaZulu-Natal High Court has granted an order 
("Order of Court") on Tuesday, 7 September 2010, sanctioning the scheme.        
The implementation of the scheme remains conditional on, and will only become   
operative upon, the fulfilment of the remaining condition precedent, being the  
registration of the Order of Court by the Companies and Intellectual Property   
Registration Office.  A further announcement regarding the fulfilment of the    
aforementioned condition and the date on which the scheme will be implemented   
will be published in due course.                                                
7 September 2010                                                                
Designated Advisor:  PSG Capital (Proprietary) Limited                          
Legal advisors to a.b.e.:  Prinsloo, Tindle & Andropoulos Inc.                  
Legal advisors to Chryso:  Bowman Gilfillan Inc.                                
Date: 07/09/2010 16:48:01 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.