SEP - Sephaku Holdings - Results of general meeting and finalisation

SEP - Sephaku Holdings - Results of general meeting and finalisation            
announcement for the distribution of shares in Incubex Minerals Limited         
Sephaku Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2005/003306/06)                                           
Share code: SEP                                                                 
ISIN: ZAE000138459                                                              
("Sephaku Holdings" or "the company")                                           
Results of general meeting and finalisation announcement for the distribution of
shares in Incubex Minerals Limited ("Incubex")                                  
Shareholders are advised that all the resolutions which were proposed at the    
general meeting held on 15 October 2010 were passed with the requisite          
majorities of votes.                                                            
The conditions precedent to the distribution to Sephaku Holdings shareholders,  
as a dividend in specie, of all of the issued shares in Incubex in the ratio of 
one Incubex share for every ten Sephaku Holdings shares held on the record date 
("the distribution") have therefore been fulfilled and the distribution will    
therefore proceed in accordance with the dates set out in the announcement dated
30 September 2010.                                                              
Furthermore, all conditions precedent to the issue of shares for cash by Sephaku
Cement (Pty) Limited, an 80.22% held subsidiary of Sephaku Holdings, to Dangote 
Industries Limited ("Dangote") in order to settle a loan of R75.4 million and   
for the subscription of shares in an amount of R703.4 million ("the Dangote     
issue") have therefore also been fulfilled.                                     
Pretoria                                                                        
15 October 2010                                                                 
Sponsor and corporate advisor to Sephaku Holdings                               
QuestCo                                                                         
Date: 15/10/2010 12:05:01 Supplied by www.sharenet.co.za                     
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