SBL - Sable - Important Dates And Times In Respect Of The Claw-Back Offer SABLE HOLDINGS LIMITED (INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA) (REGISTRATION NUMBER 1968/010636/06) ("SABLE" OR "THE COMPANY") SHARE CODE: SBL ISIN: ZAE000006383 IMPORTANT DATES AND TIMES IN RESPECT OF THE CLAW-BACK OFFER INTRODUCTION It was announced by Sable on SENS on 13 November 2008 that it had finalised the terms of a subscription agreement with Isdale to raise approximately R35 million by way of a claw-back offer. The claw-back offer will result in the issuing of 1 797 400 new ordinary shares of R0.50 each to Sable ordinary shareholders at a subscription price of R19.47 per rights offer share and in the ratio of 22 rights offer shares for every 100 Sable shares held. Shareholders are referred to the following salient dates: IMPORTANT DATES AND TIMES 2009 Finalisation Date Friday, 13 March Last day to trade in Sable shares in order to settle by the record date and to qualify to participate in the rights offer Friday, 20 March (cum entitlement) on Listing of letters of allocation on the JSE commences at commencement of trading on Monday, 23 March Sable shares commence trading ex-rights on the JSE at commencement of trading on Monday, 23 March Record date for participation in the rights offer at Friday, 27 March the close of business on Rights offer circular posted to shareholders on Monday, 30 March Rights offer opens at commencement of trading on Monday, 30 March Dematerialised shareholders will have their accounts Monday, 30 March at their CSDP or stockbroker automatically credited with their entitlement on Certificated shareholders on the register will have Monday, 30 March their entitlement credited to an account at Computershare Nominees (Proprietary) Limited on The form of instruction in respect of a letter of Monday, 30 March allocation will be posted to certificated shareholders of Sable recorded in the register as such on the record date on Last day to trade in letters of allocation on the JSE Friday, 17 April on Listing of rights offer shares commences at Monday, 20 April commencement of trading on Rights offer closes - payments to be made and form of Friday, 24 April instruction in respect of letters of allocation lodged by certificated shareholders by 12:00 (see Note 1) on Record date for letters of allocation on Friday, 24 April Dematerialised shareholders` accounts will be updated Tuesday, 28 April with entitlements and credited by their CSDP or stockbroker and certificates posted to certificated shareholders on Results of rights offer released on SENS on Tuesday, 28 April Results of rights offer published in the press on Wednesday, 29 April Notes: 1. Dematerialised shareholders are required to notify their duly appointed CSDP or stockbroker of their acceptance of the offer in the manner and time stipulated in the agreement governing the relationship between the shareholder and his/her CSDP or stockbroker. 2. All times indicated are South African times unless otherwise stated. 3. Share certificates may not be dematerialised or rematerialised between Monday, 27 March 2009 and Friday, 24 April 2009, both days inclusive. 4. Dematerialised shareholders will have their accounts at their CSDP or stockbroker automatically credited with their Sable shares in respect of which the rights offer has been accepted and certificated shareholders will have their Sable share certificates in respect of which the rights offer has been accepted posted to them at their own risk, by registered post. 5. CSDPs effect payment in respect of dematerialised shareholders on a delivery versus payment method. 6. In the event that the South African National Elections are confirmed for 22 April 2009, a Public Holiday may be declared and the timetable above would be impacted. In such case, LDT would be Thursday 16 April 2009 and the Listing of the rights offer shares will commence on Friday 17 April. POSTING OF CIRCULAR A circular providing full information in respect of the claw- back offer, and containing, inter alia, a letter of allocation, will be posted to Sable shareholders on 30 March 2009. Johannesburg 13 March 2009 Sasfin Capital A division of Sasfin Bank Limited Date: 13/03/2009 15:38:02 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.