HSI - Health Strategic Investments Limited - Results of the general meeting

HSI - Health Strategic Investments Limited - Results of the general meeting     
Health Strategic Investments Limited                                            
(formerly Newshelf 776 (Proprietary) Limited)                                   
(incorporated in the Republic of South Africa)                                  
(Registration number 2005/012471/06)                                            
JSE share code: HSI ISIN: ZAE000146742                                          
("Health" or the "Company")                                                     
RESULTS OF THE GENERAL MEETING                                                  
1. INTRODUCTION                                                                 
Holders of ordinary shares in Health ("Shareholders") are referred to the       
announcement by Health released on the Securities Exchange News Service         
("SENS") on Thursday, 28 October 2010 and the circular to Shareholders dated    
Thursday, 28 October 2010 (the "Circular") regarding:                           
- The proposed unbundling by Health of its entire 26.60% shareholding in the    
issued share capital of Life Healthcare Group Holdings Limited to               
Shareholders, by way of a distribution in specie in terms of sections 90 and    
228 of the Companies Act, 1973 (Act 61 of 1973), as amended, and section 46 of  
the Income Tax Act, 1962 (Act 58 of 1962), as amended, in the ratio of 1        
ordinary share in the issued share capital of Life Healthcare Group Holdings    
Limited for every 1 ordinary share in Health held by a Shareholder at the       
close of business on Friday, 17 December 2010 (the "Unbundling");               
- The subsequent delisting of Health from the exchange operated by the JSE      
Limited (the "Delisting"); and                                                  
- The subsequent deregistration of Health as a company in terms of section 73   
of the Companies Act, 1973 (Act 61 of 1973) (the "Deregistration").             
2. RESULTS                                                                      
At the general meeting of Shareholders held on Friday, 19 November 2010 (the    
"Meeting"), the special resolution and the ordinary resolutions proposed at     
the Meeting, details of which were contained in the Circular, were approved by  
the requisite majority of votes.  The special resolution will be lodged for     
registration with the Companies and Intellectual Property Registration Office   
("CIPRO") in due course.                                                        
3. REMAINING CONDITIONS PRECEDENT                                               
The Unbundling and the Delisting remain conditional upon the special            
resolution authorising the Unbundling being registered by CIPRO by Thursday, 2  
December 2010 (or such later date as is agreed).                                
The Deregistration remains conditional upon:                                    
- The fulfilment of the conditions precedent to the Unbundling and the          
Delisting referred to above; and                                                
- CIPRO accepting the Company`s application for deregistration.                 
4. FURTHER ANNOUNCEMENT                                                         
A further announcement on the fulfilment of the remaining conditions precedent  
will be released on SENS and in the press in due course.                        
Newlands                                                                        
19 November 2010                                                                
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Attorneys                                                                       
Edward Nathan Sonnenbergs Inc                                                   
Date: 19/11/2010 15:10:15 Supplied by www.sharenet.co.za                     
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