SKJ - Sekunjalo Investments Limited - Fulfilment of conditions precedent in BT

SKJ - Sekunjalo Investments Limited - Fulfilment of conditions precedent in BT  
Communications Services South Africa (Proprietary) Limited transaction          
SEKUNJALO INVESTMENTS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1996/006093/06)                                           
ISIN: ZAE000017893                                                              
Share Code: SKJ                                                                 
FULFILMENT OF CONDITIONS PRECEDENT IN BT COMMUNICATIONS SERVICES SOUTH AFRICA   
(PROPRIETARY) LIMITED ("BTSA") TRANSACTION                                      
Further to the announcement dated 5 November 2008 regarding the acquisition by  
Sekunjalo of a 30% stake in BTSA, shareholders are advised that all the         
conditions precedent namely:-                                                   
- the approval of the South African Reserve Bank;  and                          
- the execution of other ancillary secretarial items necessary to give effect to
 the acquisition;                                                               
have been met and that the transaction is hence unconditional and considered    
formally concluded.                                                             
Cape Town                                                                       
18 December 2008                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 18/12/2008 15:47:20 Supplied by www.sharenet.co.za                     
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