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RLO - Reunert Limited - Voluntary Announcement: Reunert Buys ECN Telecommunications Reunert Limited (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share Code: RLO ("Reunert") VOLUNTARY ANNOUNCEMENT: REUNERT BUYS ECN TELECOMMUNICATIONS Electronics and electrical engineering company, Reunert, today announced that it is has acquired the business of ECN Telecommunications (Pty) Ltd ("ECN") for an undisclosed purchase price. The transaction is subject to approval by the South African Competition Authorities. ECN`s existing portfolio of IP based telecommunications services will add converged voice and data capabilities to Reunert subsidiary Nashua Mobile. John Holdsworth the CEO of ECN said, "The acquisition will provide significant value and benefit to the customers of both businesses as a result of the enhanced and complementary product offerings and development focused on converged voice and data and fixed and mobile solutions. There are also excellent opportunities to share knowledge and leverage expertise across the group, which along with our combined product sets and technology platforms will strengthen our ability to serve customers". Reunert`s CEO Nick Wentzel said, "This acquisition is an important milestone in complementing the products offered by Nashua Mobile and that of the larger Nashua group. One of the aims of the Nashua group is to offer total solutions comprising office automation, telecommunications and information technology services to its business customers." Andy Baker the CEO of Nashua Mobile said "The acquisition of ECN brings great value to our endeavours to bring fully converged services to our customers. With the migration from Least Cost Routing to VoIP, this addition positions us perfectly to capitalise on the opportunity to manage the migration and continue to reduce communication costs for our customers." ECN Profile ECN is headquartered in Johannesburg and has developed a national Next Generation Network (NGN) with points of presence in Johannesburg, Pretoria, Durban, Bloemfontein, Port Elizabeth and Cape Town. ECN is a major player in the delivery of affordable and accessible converged voice and data solutions that are at the forefront of the next generation or 21st century network. For more information visit www.ecntelecoms.com John Holdsworth Chief Executive Officer ECN Telecommunications (Pty) Ltd Office - 010 590 0000 | Mobile - 082 601 6941 Fax - 087 941 0813 Email - john@ecntelecoms.com Reunert Profile Reunert Limited is a leading South African company, listed on the JSE Limited in the industrial goods and services (electronic and electrical equipment) sector. Reunert manages a number of businesses focused on electrical engineering, information and communication technologies and defence and allied electronics. The group operates through its brands CBI-electric, Nashua and Reutech. For more information visit www.reunert.co.za Contact: Carina de Klerk Reunert Investor Relations and Communications Tel 011 517 9000 carina@reunert.co.za 14 March 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/03/2011 12:57:01 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.
