ASR - Assore - Posting Of Circular And Receipt Of Irrevocable Undertakings

ASR - Assore - Posting Of Circular And Receipt Of Irrevocable Undertakings      
Assore Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number: 1950/037394/06                                             
Share code: ASR                                                                 
ISIN: ZAE000017117                                                              
("Assore")                                                                      
POSTING OF CIRCULAR AND RECEIPT OF IRREVOCABLE UNDERTAKINGS                     
Shareholders are referred to the announcement released on SENS on Wednesday, 2  
December 2009, in which Assore advised that it had concluded agreements in terms
of which Assore will increase its black economic empowerment ownership to 26.07%
("Second Empowerment Transaction").                                             
Assore wishes to advise that the circular relating to the Second Empowerment    
Transaction has been posted to all Assore shareholders today, being Friday, 11  
December 2009.                                                                  
In addition, shareholders are hereby advised that Oresteel Investments          
(Proprietary) Limited, holding 53.09% of Assore`s current issued ordinary share 
capital, and Main Street 343 (Proprietary) Limited, holding 11.94% of Assore`s  
current issued ordinary share capital, have irrevocably undertaken to vote in   
favour of all of the special and ordinary resolutions relating to the Second    
Empowerment Transaction, which are to be proposed to Assore shareholders at the 
general meeting to be held on Tuesday, 19 January 2010 (notice of which is      
included in the circular).                                                      
Illovo Boulevard                                                                
Johannesburg                                                                    
11 December 2009                                                                
Investment bank and sponsor to Assore                                           
Standard Bank                                                                   
Attorneys to Assore                                                             
Webber Wentzel Attorneys                                                        
Independent transaction sponsor                                                 
KPMG Services (Proprietary) Limited                                             
Reporting accountant and auditors to Assore                                     
Ernst & Young Inc                                                               
Independent expert to Assore                                                    
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited                  
Transactional communication adviser to Assore                                   
College Hill                                                                    
Date: 11/12/2009 13:07:06 Supplied by www.sharenet.co.za                     
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