MIX - MIX Telematics Limited - Imperial buys a strategic stake in Mix

MIX - MIX Telematics Limited - Imperial buys a strategic stake in Mix           
MIX TELEMATICS LIMITED                                                          
Incorporated in the Republic of South Africa                                    
Registration number 1995/013858/06                                              
JSE code: MIX                                                                   
ISIN : ZAE000125316                                                             
("MiX")                                                                         
IMPERIAL BUYS A STRATEGIC STAKE IN MIX                                          
MiX has been advised that Imperial Holdings Limited ("Imperial") has acquired   
a strategic stake of 25,4% in MiX.                                              
MiX already has a business relationship with Imperial through Imperial`s        
almost 250 new and used vehicle dealerships. These dealerships form an          
important distribution channel for MiX`s vehicle tracking brand, Matrix.        
Several of MiX`s other products in the fleet management arena, which are        
successfully marketed in South Africa and abroad, may also find applications    
in the Imperial group. This strategic shareholding will further strengthen      
the relationship between MiX and Imperial.                                      
As part of this acquisition, Mix`s BEE partner, Kagiso Trust Investments        
(Pty) Ltd, has transferred its holding in MiX out of Kagiso Strategic           
Investments (Pty) Limited and into a new company that it has formed with        
IMPERIAL. It is expected that MiX`s BEE credentials will be enhanced by these   
transactions.                                                                   
11 March 2010                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 11/03/2010 12:00:03 Supplied by www.sharenet.co.za                     
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