CGR - CALGRO M3 Holdings Limited - Result of the General Meeting

CGR - CALGRO M3 Holdings Limited - Result of the General Meeting                
CALGRO M3 HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration Number 2005/027663/06)                                            
Share Code:  CGR & ISIN: ZAE000109203                                           
("Calgro" or "the Company")                                                     
RESULT OF THE GENERAL MEETING                                                   
Shareholders are referred to the Calgro circular dated 7 April 2009 ("the       
circular") wherein the Company outlined the intention of Calgro M3 Land         
(Proprietary) Limited ("Calgro M3 Land"), a wholly-owned subsidiary of Calgro,  
to dispose of 30% of its equity interest in and cession of its claims against   
Fleurhof Extension 2 (Proprietary) Limited ("Fleurhof"), a wholly-owned         
subsidiary of Calgro M3 Land, to South Africa Workforce Housing Fund LP ("the   
Purchaser") for a total cash consideration of R30 million, and related funding  
arrangements ("the Transaction").                                               
At a general meeting of shareholders of Calgro held today, Thursday, 23 April   
2009, all resolutions relating to the Transaction were passed unanimously by    
shareholders present and voting, in person or by proxy, at the general meeting. 
Shareholders are advised that the only other remaining conditions precedent to  
the Transaction are the receipt by the Purchaser of the following:              
-    a certified copy of the record of decision to be issued to Fleurhof, and   
    the Purchaser`s acceptance of the terms and conditions thereof, by the      
    Gauteng Government: Department of Agriculture, Conservation and             
Environment, in respect of the project as detailed in the circular; and     
-    the execution of the agreement concluded between Fleurhof and Central Rand 
    Gold South Africa (Proprietary) Limited ("CRG"), in terms of which CRG is   
    entitled to explore, mine and/or extract minerals, metals and/or precious   
stones on, in and/or from that portion of the land as per agreement.        
As and when the outstanding conditions precedent are fulfilled, an announcement 
to this effect will be made.                                                    
Johannesburg                                                                    
23 April 2009                                                                   
Corporate adviser and sponsor                                                   
PSG Capital (Proprietary) Limited                                               
Date: 23/04/2009 17:35:02 Supplied by www.sharenet.co.za                     
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