SSK - Stefanutti Stocks Holdings Limited - Update on the acquisition by

SSK - Stefanutti Stocks Holdings Limited - Update on the acquisition by         
Stefanutti Stocks Holdings Limited of Cycad Pipelines (Pty) Limited             
Stefanutti Stocks Holdings Limited                                              
(Registration number 1996/003767/06)                                            
Share code: SSK  ISIN: ZAE000123766                                             
("Stefanutti Stocks" or "the Company")                                          
UPDATE ON THE ACQUISITION BY STEFANUTTI STOCKS HOLDINGS LIMITED ("STEFANUTTI    
STOCKS") OF CYCAD PIPELINES (PROPRIETARY) LIMITED ("CYCAD PIPELINES")           
Shareholders are referred to the announcement and Reviewed Condensed            
Consolidated Interim Results for the six months ended 31 August 2011 published  
on SENS on 20 June and 15 November 2011 respectively, regarding its wholly owned
subsidiary Stefanutti Stocks Proprietary Limited, entering into an agreement to 
acquire the entire issued share capital of Cycad Pipelines and its related      
property holding companies.                                                     
Shareholders are advised that Competition Tribunal approval has been received   
and all the conditions precedent have been met save for the conclusion and      
implementation of agreements required to give effect to the pre-acquisition     
restructuring of the Cycad group of companies.                                  
Further announcements will be made once the transaction becomes unconditional.  
Johannesburg                                                                    
15 December 2011                                                                
Sponsor and Corporate Advisor: Bridge Capital Advisors (Pty) Limited            
Date: 15/12/2011 16:45:01 Supplied by www.sharenet.co.za                     
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