ASO - Austro Group Limited - Specific Repurchase of Austro Shares

ASO - Austro Group Limited - Specific Repurchase of Austro Shares               
Austro Group Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/029771/06)                                            
Share code: ASO ISIN: ZAE000090882                                              
("Austro" or "the company")                                                     
SPECIFIC REPURCHASE OF AUSTRO SHARES                                            
INTRODUCTION                                                                    
Shareholders are referred to the announcements published over SENS on Tuesday,  
14 December 2010 advising shareholders of the proposed specific repurchase of   
shares from the Richard Moss Family Trust, Richard Moss`s brother Peter Moss and
father John Moss (the "sellers") (the "transaction") and the accompanying       
conditional put option exercisable by the sellers against David Brouze, a non-  
executive director of the company. The circular providing further information on
the transaction and containing a notice of general meeting to be held at 09h00  
on Thursday, 17 March 2011 at 2 Arnold Road, Rosebank, Johannesburg, was posted 
to Austro shareholders yesterday.                                               
SALIENT DATES AND TIMES                                                         
                                                  2011                          
Circular posted to shareholders on                 Wednesday, 23 February       
Last day to lodge forms of proxy in respect of the Tuesday, 15 March            
general meeting by 09h00 on                                                     
General meeting at 09h00 on                        Thursday, 17 March           
Results of the general meeting released on SENS on Thursday, 17 March           
Results of the general meeting published in the    Friday, 18 March             
press on                                                                        
Shares which are the subject of the specific       Monday, 4 April              
repurchase to be delisted on or about                                           
Notes                                                                           
1. All times indicated are South African times.                                 
2. The abovementioned dates and times are subject to change. Any changes will be
announced on SENS.                                                              
24 February 2011                                                                
Sponsor                                                                         
Java Capital                                                                    
Date: 24/02/2011 12:44:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.