DORBYL LIMITED - Results of the scheme meetings

Results of the scheme meetings

                                    Naledi Foundry of Republic of
Dorbyl Limited
                                    South Africa Proprietary
(Incorporated in the
                                    Limited
Republic of South Africa)
                                    (Incorporated in the Republic
Registration Number:
                                    of South Africa)
1911/001510/06
                                    Registration Number:
Share Code: DLV
                                    2012/194053/07
ISIN: ZAE000002184
                                    (“Naledi Foundry” or “the
(“Company” or “Dorbyl”)
                                    Offeror”)

RESULTS OF THE SCHEME MEETINGS

Shareholders are referred to the announcement published on
SENS on 22 April 2014 regarding the posting of the Circular
and the notices of the Ordinary General Meeting, DLVP General
Meeting and DLP1 General Meeting included therein in respect
of, inter alia, the schemes of arrangement and are advised of
the following:

1.   at the general meeting of Ordinary Shareholders held
     today (“Ordinary General Meeting”), the proposed ordinary
     and special resolutions pertaining to the Ordinary Scheme,
     as contained in the notice of Ordinary General Meeting,
     were passed by the requisite majority of shareholders
     present and voting in person or by proxy;

2.   at the general meeting of DLVP Preference Shareholders
     held   today  (“DLVP   General  Meeting”),   the   proposed
     ordinary, extraordinary and special resolutions pertaining
     to the DLVP Scheme, as contained in the notice of DLVP
     General Meeting, were passed by the requisite majority of
     shareholders present and voting in person or by proxy; and

3.   at the general meeting of DLP1 Preference Shareholders
     held   today  (“DLP1   General   Meeting”),  the   proposed
     ordinary, extraordinary and special resolutions pertaining
     to the DLP1 Scheme, as contained in the notice of DLP1
     General Meeting, were passed by the requisite majority of
     shareholders present and voting in person or by proxy.


Johannesburg
23 May 2014


PSG Capital Proprietary Limited
Transaction Advisor and Sponsor to Dorbyl

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