ESR - Esorfranki Limited - Elaboration pertaining to the results of the Rights

ESR - Esorfranki Limited - Elaboration pertaining to the results of the Rights  
Offer                                                                           
ESORFRANKI LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/000732/06)                                           
JSE code: ESR                                                                   
ISIN: ZAE000133369                                                              
ELABORATION PERTAINING TO THE RESULTS OF THE RIGHTS OFFER                       
Shareholders are referred to the announcement released earlier today and are    
advised that Sanlam Investment Management (a division of Sanlam Life Insurance  
Limited) and/or Sanlam Investment Management (Pty) Limited will receive 14 862  
821 new ordinary shares pursuant to their underwriting commitment in respect    
of the rights offer.                                                            
Sandton                                                                         
8 March 2011                                                                    
Corporate Adviser and Sponsor                                                   
Vunani Corporate Finance                                                        
Date: 08/03/2011 15:55:01 Supplied by www.sharenet.co.za                     
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