CSB - Cashbuild Limited - Cautionary announcement

CSB - Cashbuild Limited - Cautionary announcement                               
Cashbuild Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/001503/06)                                            
Share code: CSB  ISIN: ZAE000028320                                             
("Cashbuild" or "the company")                                                  
Cautionary announcement                                                         
Shareholders are advised that in 2005, Cashbuild implemented a Broad Based      
Black Economic Empowerment transaction ("the BEE transaction") through the      
introduction of all of its employees, of whom more than 90% qualified as        
historically disadvantaged South Africans.                                      
The transaction was effected through the establishment of a blind perpetual     
trust, The Cashbuild Empowerment Trust ("the Trust"), which subscribed for      
10% of the issued shares in Cashbuild. The Trust was funded by way of an        
interest free loan from Cashbuild Management Services (Proprietary) Limited     
("CMS"), a wholly owned subsidiary of Cashbuild. The loan provided by CMS       
was in the amount of R75 million, and was used to acquire approximately 2,5     
million ordinary shares at a price of R29.09 per share.                         
Since the implementation of the BEE transaction, the share price of Cashbuild   
has increased substantially and accordingly there is a large equity value       
attributed to the Trust.                                                        
Shareholders are advised that Cashbuild is currently planning to return         
approximately 45% of the current equity value attributable to the Trust,        
which equates to approximately R50 million to the beneficiaries of the          
Trust. Shareholders are thus advised to exercise caution when dealing in        
their securities, until a full announcement has been made.                      
Johannesburg                                                                    
21 September 2010                                                               
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 21/09/2010 08:05:04 Supplied by www.sharenet.co.za                     
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