BLUE FINANCIAL SERVICES LIMITED - Withdrawal of cautionary announcement

Withdrawal of cautionary announcement

Blue Financial Services Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1996/006595/06)
JSE Share code: BFS
ISIN: ZAE000083655
(“Blue” or the “Company” or the “Group”)


WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT


Introduction

1. Shareholders are referred to the cautionary announcement
   published on the Stock Exchange News Service (“SENS”) of the
   JSE Limited on 21 January 2013 and the subsequent renewal of
   cautionary announcement published 4 March, 16 April, 29 May,
   26 June 2013, 13 August 2013 and 28 October 2013, whereby
   Shareholders were advised that the Company is in negotiations
   with Mayibuye Group Proprietary Limited (“Mayibuye”), the 54%
   controlling shareholder of Blue and therefore a related
   party.

2. The negotiations pertain to the proposed further
   recapitalisation of the Company.

Withdrawal of cautionary announcement

3. Shareholders are hereby advised that in light of the fact
   that the Company’s financial results for the year ended
   28 February 2013 and the interim results for the six months
   ended 31 August 2013 (“the results”) will only be released in
   the first quarter of 2014 as announced on SENS 6 December
   2013, the discussions have been terminated. The Company will
   re-consider entering into negotiations once the results have
   been released.

4. Based on the above, caution is no longer required to be
   exercised by shareholders when dealing in their securities.

Johannesburg
6 November 2013

Designated Adviser to Blue
Grindrod Bank Limited

Date: 06/12/2013 03:55:00 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.