LAB - Labat Africa Limited - Updated Cautionary Announcement

LAB - Labat Africa Limited - Updated Cautionary Announcement                    
LABAT AFRICA LIMITED                                                            
Incorporated in the Republic of South Africa                                    
(Registration number 1986/001616/06)                                            
JSE code: LAB                                                                   
ISIN: ZAE000018354                                                              
("Labat" or the "company")                                                      
UPDATED CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements dated 14 September 2009, 13 October     
2009, 24 November 2009 and 8 January 2010, shareholders are advised that Link   
Private Equity and Investments (Pty) Ltd ("Link"), the controlling shareholder  
in Labat, is in advanced negotiations with an undisclosed third party to dispose
of its 45.7% shareholding in Labat (90 106 335 shares) at a price of 5 cents per
share.  The final transaction will be conditional upon the disposal of South    
African Micro-Electronic Systems (Pty) Ltd to Link at a price still to be       
determined.                                                                     
Full disclosure of the proposed transaction will be made once final agreement   
has been reached.                                                               
Shareholders are accordingly advised to continue to exercise caution when       
dealing in the company`s securities until a further announcement is made in this
regard.                                                                         
Sandton                                                                         
28 January 2010                                                                 
Sponsor to Labat                                                                
Vunani Corporate Finance                                                        
Date: 28/01/2010 13:14:16 Supplied by www.sharenet.co.za                     
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