CKS - Crookes Brothers Limited - Notice of provision of direct or indirect

CKS - Crookes Brothers Limited - Notice of provision of direct or indirect      
financial assistance in terms of section 45 of the companies act no 71 of 2008  
CROOKES BROTHERS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1913/000290/06)                                            
Share code: CKS:ISIN: ZAE000001434                                              
("Crookes" or "the Company")                                                    
NOTICE OF PROVISION OF DIRECT OR INDIRECT FINANCIAL ASSISTANCE IN TERMS OF      
SECTION 45 OF THE COMPANIES ACT NO 71 OF 2008                                   
Shareholders of Crookes are referred to the special resolution tabled and       
approved at the Annual General Meeting held on 22 July 2011, authorising        
directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008)    
("the Act") to provide direct or indirect financial assistance to any company or
corporation which is related or inter-related to the Company. In terms of       
Section 45 (2) of the Act, the Board has authorised the Company to bind itself  
as a surety and co-principal debtor, in the normal course of business, for a    
Crookes` joint venture company.                                                 
The Board has confirmed that, after considering the reasonably foreseeable      
financial circumstances of the Company, it is satisfied that, immediately after 
it provided such financial assistance, the Company would satisfy the solvency   
and liquidity test, as contemplated in terms of Section 4 of the Act and that   
the terms under which such financial assistance was given were fair and         
reasonable to the Company. Shareholders are advised that the surety extended for
the joint venture exceeds 1/10th of 1% of the Company`s net worth as at the     
approval date of the provision of the surety.                                   
Renishaw                                                                        
22 December 2011                                                                
Sponsor:                                                                        
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 22/12/2011 08:49:00 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.