PCN - Paracon Holdings Limited - Results of Annual General Meeting

PCN - Paracon Holdings Limited - Results of Annual General Meeting              
Paracon Holdings Limited                                                        
Incorporated in the Republic of South Africa                                    
(Registration number 1997/008181/06)                                            
Share code: PCN     ISIN: ZAE000029674                                          
("Paracon")                                                                     
RESULTS OF ANNUAL GENERAL MEETING                                               
Shareholders are advised that, at the annual general meeting of Paracon held    
today, all the resolutions set out in the notice of annual general meeting      
were passed by the requisite majority of shareholders.                          
However, shareholders are further advised that ordinary resolution number 2,    
being the "Approval to issue ordinary shares, and to sell treasury shares,      
for cash" was approved with the modification that the number of ordinary        
shares issued for cash shall not in any one financial year in the aggregate     
exceed 5% (five percent) instead of 15% (fifteen percent) of the number of      
issued ordinary shares as stated in the notice of the annual general meeting,   
which was contained in the Annual Report.                                       
The special resolution will be submitted for registration at the Companies      
and Intellectual Property Registration Office in due course.                    
Johannesburg                                                                    
8 March 2011                                                                    
Sponsor                                                                         
Merchantec Capital                                                              
Date: 08/03/2011 11:36:00 Supplied by www.sharenet.co.za                     
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