BIK - Brikor Limited - Withdrawal of interim results/Appointment of new

BIK - Brikor Limited - Withdrawal of interim results/Appointment of new         
designated adviser/Changes to the board of directors                            
Brikor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/013247/06)                                            
(JSE code: BIK     ISIN: ZAE000101945)                                          
("Brikor" or "the company")                                                     
-    WITHDRAWAL OF INTERIM RESULTS                                              
-    APPOINTMENT OF NEW DESIGNATED ADVISER                                      
-    CHANGES TO THE BOARD OF DIRECTORS                                          
1.   Withdrawal of interim results                                              
A round robin resolution of Brikor`s Board of Directors, authorising the    
    publication of Brikor`s interim results for the six month period ended 31   
    August 2010 ("interim results") was not signed by all the directors over    
    the festive season, as required by Brikor`s Articles. The publication of    
the interim results are accordingly hereby withdrawn.                       
    At a directors` meeting held on Friday, 21 January 2011, the interim        
    results and the publication thereof were approved in accordance with        
    Brikor`s Articles by the Board of Directors. It is expected that the        
interim results will be released shortly together with a current            
    independent auditors` report. The financial information contained in the    
    interim results will not differ from the previously published interim       
    results.                                                                    
2.   Appointment of Designated Advisor                                          
    Shareholders are referred to the announcement released on SENS on Monday,   
    24 January 2011 by Brikor`s previous Designated Advisor, Vunani Corporate   
    Finance ("the Vunani announcement"), after its mandate as Designated        
Advisor had already been terminated and without consulting with or          
    reporting to Brikor.                                                        
    Exchange Sponsors (2008) (Pty) Ltd has been appointed as the new            
    Designated Advisor of Brikor.                                               
3.   Changes to the Board of Directors                                          
    In compliance with section 3.59 of the Listings Requirements of the JSE     
    Limited, notification is hereby given that Rynhardt van Rooyen and Jim H    
    Wood have been appointed as Independent Non-Executive Directors to the      
Brikor Board of Directors with effect from 21 January 2011.                 
    Rynhardt is a Chartered Accountant with a BCompt Honours degree. He         
    retired in November 2008 after 32 years service at Sasol. At retirement     
    he was a member of the Sasol Group Executive Committee, a Director of       
most of the major Sasol subsidiaries and a member of their Audit            
    Committees. He was also a trustee of the Sasol Pension Fund, and a member   
    of the Sasol Pension Fund Audit and Investment Committees. He is            
    currently a Director and member of the Audit Committees of Reunert          
Limited and Alert Steel Holdings Limited. He is also a trustee of the       
    Sasol Pension Fund and a member of the Sasol Pension Fund Audit and         
    Investment Committees.                                                      
    Jim obtained a H.N.C. certification in construction in the UK, majoring     
in Quantity Surveying and Estimating and endorsed with Structural           
    Engineering.  He also has completed the Programme for Management            
    Development at Harvard University and is currently a member of the South    
    African Institute of Builders. He was Managing Director and later           
Chairman of the Steeledale Group and later became Chairman of LTA Process   
    Engineering.  He also assisted Murray & Roberts with some industrial        
    operations and performed the role of Managing Director and Chairman on      
    the Boards of various companies in the Murray & Roberts Group. Jim also     
represented Murray & Robberts in the Gautrain negotiations in respect of    
    the Bombela operational aspects and was Chairman of Bombela Operations      
    prior to retirement.                                                        
    The Brikor board of directors would like to welcome Rynhardt and Jim and    
look forward to their contributions.                                        
03 February 2011                                                                
Johannesburg                                                                    
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 03/02/2011 13:28:01 Supplied by www.sharenet.co.za                     
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