Assore Limited - Revised important dates and times relating to the proposed

Assore Limited - Revised important dates and times relating to the proposed     
introduction of 15% direct black share ownership in Assore                      
Assore Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/037394/06)                                            
Share code: ASR                                                                 
ISIN: ZAE000017117                                                              
("Assore")                                                                      
SHANDUKA RESOURCES (PROPRIETARY) LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/017835/07)                                            
("Shanduka Resources")                                                          
REVISED IMPORTANT DATES AND TIMES RELATING TO THE PROPOSED INTRODUCTION OF 15%  
DIRECT BLACK SHARE OWNERSHIP IN ASSORE                                          
1. INTRODUCTION                                                                 
Shareholders are referred to the announcement released on Thursday, 10 November 
2005, in which they were advised that Assore had concluded agreements in terms  
of which 15.02% of the issued ordinary share capital of Assore will be acquired 
by two black economic empowerment ("BEE") entities, namely:                     
- Shanduka Resources, a subsidiary of Shanduka Group (Proprietary) Limited,     
which will purchase an 11.76% equity interest in Assore ("the Shanduka          
transaction"); and                                                              
- a community trust, which has been formed to benefit broad-based community     
groupings and which will purchase a 3.26% equity interest in Assore ("the       
Community transaction"),                                                        
(collectively "the BEE transaction").                                           
2.GENERAL MEETING                                                               
The general meeting to approve the resolutions relating to the BEE transaction  
will be held at Assore House, 15 Fricker Road, Illovo Boulevard, Johannesburg,  
at 10:00 on Wednesday, 1 February 2006.                                         
3.REVISED IMPORTANT DATES AND TIMES                                             
The revised important dates and times in relation to the BEE transaction are set
out below:                                                                      
                                                                   2006         
Last day for receipt of forms of proxy for the                                  
general meeting by 10:00 on                          Monday, 30 January         
General meeting of Assore shareholders to be                                    
held at Assore House, 15 Fricker Road,                                          
Illovo Boulevard, Johannesburg, at 10:00 on       Wednesday, 1 February         
Announcement of the results of the general                                      
meeting released on SENS on                       Wednesday, 1 February         
Announcement of the results of the general                                      
meeting published in the press on                  Thursday, 2 February         
Special resolutions lodged with the Registrar of                                
Companies on or about                              Thursday, 2 February         
Notes:                                                                          
1. The abovementioned times and dates are South African times and dates and are 
subject to change. Any such change will be released on SENS and published in the
press.                                                                          
2. If the general meeting is adjourned or postponed, forms of proxy must be     
received by no later than 48 hours prior to the time of the adjourned or        
postponed general meeting, provided that, for the purpose of calculating the    
latest time by which forms of proxy must be received, Saturdays, Sundays and    
South African public holidays will be excluded.                                 
4. FURTHER DOCUMENTATION                                                        
A circular providing additional information on the BEE transaction and          
containing, inter alia, a notice of general meeting and a form of proxy, will be
posted to Assore shareholders on Thursday, 15 December 2005.                    
Illovo                                                                          
Johannesburg                                                                    
14 December 2005                                                                
Investment bank and sponsor to Assore                                           
Standard Bank                                                                   
Transaction sponsor                                                             
Ernst & Young Sponsors (Pty) Ltd                                                
Attorneys to Assore                                                             
Webber Wentzel Bowens                                                           
Independent professional expert to Assore                                       
KPMG                                                                            
Legal adviser to Shanduka Resources                                             
Prinsloo, Tindle & Andropoulos Inc.                                             
Lead funder to the BEE transaction                                              
Standard Bank                                                                   
Date: 14/12/2005 05:16:39 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department