ASO - Austro Group Limited - Results of general meeting - Specific repurchase of

ASO - Austro Group Limited - Results of general meeting - 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")                                                     
RESULTS OF GENERAL MEETING - SPECIFIC REPURCHASE OF AUSTRO SHARES               
Shareholders are referred to the announcements released by the company over     
SENS, the last of which was dated 24 February 2011, and the circular issued     
to shareholders on 23 February 2011 ("the circular") detailing, inter alia:     
-    the terms and conditions of a specific repurchase of shares by the company 
    from the Richard Moss Family Trust, Richard Moss` brother Peter Moss and    
    father John Moss (the "sellers") (the "specific repurchase"); and           
-    the accompanying conditional put option exercisable by the sellers against 
David Brouze, a non-executive director of the company.                      
At the general meeting of Austro shareholders held on Thursday, 17 March 2011   
(convened pursuant to the notice of general meeting contained in the circular), 
all of the resolutions proposed thereat were passed unanimously including the   
special resolution relating to the specific repurchase. The special resolution  
will be lodged with the Companies and Intellectual Property Registration Office 
("CIPRO") for registration.                                                     
The specific repurchase remains subject to the special resolution for the       
specific repurchase being registered by CIPRO. The shares which are the subject 
of the specific repurchase will be de-listed and cancelled as soon as possible  
after the special resolution has been registered, which registration is         
anticipated to be by not later than Monday, 4 April 2011.                       
17 March 2011                                                                   
Sponsor                                                                         
Java Capital                                                                    
Date: 17/03/2011 16:51:06 Supplied by www.sharenet.co.za                     
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