MOB - Mobile Industries Limited - Apportionment ratio for tax purposes

MOB - Mobile Industries Limited - Apportionment ratio for tax purposes          
MOBILE INDUSTRIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1968/014997/06)                                            
Share code: MOB                                                                 
ISIN: ZAE000091435                                                              
("Mobile")                                                                      
APPORTIONMENT RATIO FOR TAX PURPOSES                                            
Mobile shareholders ("Shareholders") are referred to the circular dated 22      
November 2010 ("Circular") and the subsequent announcements released on the     
Securities Exchange News Service ("SENS") relating to the unbundling and        
distribution in specie by Mobile of its 46,25% shareholding in Trencor Limited  
("Trencor") to Shareholders, who were recorded in the register on Friday, 4     
February 2011 (the "unbundling record date"), in terms of sections 90 and 228   
of the Companies Act and section 46 of the Income Tax Act (the "Unbundling").   
The purpose of this announcement is to notify Shareholders of the cost          
apportionment ratio in which the expenditure incurred and/or the valuation of   
Mobile shares must be allocated to the Trencor shares received in terms of      
the Unbundling and the Mobile shares for South African taxation purposes        
(the "Apportionment Ratio").                                                    
The Apportionment Ratio for purposes of section 46 of the Income Tax Act is     
0,34% relating to a Mobile share and 99,66% to a Trencor share, based on the    
closing share prices of Mobile and Trencor on the unbundling record date of     
R0,01 and R35,99, respectively.                                                 
The Apportionment Ratio is to be used, after the Unbundling, to apportion the   
expenditure incurred in respect of a Mobile share held. The expenditure must    
be apportioned between the Mobile share held after the Unbundling and the       
Trencor share received in terms of the Unbundling for the purposes of           
determining the profits or losses, of a capital or trading nature, derived from 
any future disposal of a Mobile share or Trencor share. The potential South     
African taxation considerations for Shareholders are set out in paragraph 3.3   
of the Circular. Shareholders are, however, advised in all circumstances to     
seek their own advice regarding taxation.                                       
By order of the board of directors                                              
Mobile Industries Limited                                                       
Cape Town                                                                       
7 February 2011                                                                 
Investment bank and        Corporate law adviser Sponsor                        
transaction sponsor                                                             
Investec Bank Limited      Edward Nathan         Rand Merchant Bank (A          
                          Sonnenbergs Inc.      division of FirstRand Bank      
                                                Limited)                        
Date: 07/02/2011 15:24:01 Supplied by www.sharenet.co.za                     
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