JDH - John Daniel Holdings Limited - Cautionary Announcement in relation to the

JDH - John Daniel Holdings Limited - Cautionary Announcement in relation to the 
Convertible Loan                                                                
JOHN DANIEL HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa                                    
Registration number: 1998/013215/06                                             
JSE Code:  JDH - ISIN: ZAE000136677                                             
("the Company" or "JDH" or "the Group")                                         
Cautionary Announcement in relation to the Convertible Loan                     
Further to the announcement published on SENS on 10 December 2010 relating to   
the terms of the main loan agreement, shareholders are advised that the Company 
is undergoing continued discussions to potentially renegotiate the terms of the 
conversion of the loan with Escalator Capital Limited ("Escalator") and to      
improve the Company`s balance sheet position which discussions could result in  
Escalator partially or fully underwriting a rights offer, of at least R10       
million depending on the Company`s funding requirements, at a price of          
approximately 10 cents per share to repay the convertible loan. Should the      
convertible loan be repaid through the underwriting of a rights offer,          
shareholder approval of the conversion terms will no longer be required.        
Accordingly, shareholders are advised that they should continue to exercise     
caution when dealing in their securities until a further announcement in this   
regard is made.                                                                 
Johannesburg                                                                    
07 February 2011                                                                
Sponsor                                                                         
Arcay Moela Sponsor (Proprietary) Limited                                       
Date: 07/02/2011 17:07:01 Supplied by www.sharenet.co.za                     
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