SFH - SA French Limited - Results of special general meeting

SFH - SA French Limited - Results of special general meeting                    
SA FRENCH LIMITED                                                               
Incorporated in the Republic of South Africa                                    
(Registration number:  1982/009174/06)                                          
Share code:  SFH    ISIN:  ZAE000108890                                         
("SA French" or "the Company")                                                  
RESULTS OF SPECIAL GENERAL MEETING                                              
Shareholders are referred to the circular dated 1 April 2011 ("the circular")   
detailing:                                                                      
-    the waiver of any requirement that the underwriters, as defined in the     
    circular, extend a mandatory offer to minority shareholders in terms of the 
provisions of the Securities Regulation Code and Rules of the Securities    
    Regulation Panel, as a result of the implementation of a rights offer or    
    the underwriting thereof (as referred to hereunder);                        
-    the conversion of the Company`s authorised share capital into no par value 
shares ("the conversion of the authorised share capital"); and              
-    an increase in the authorised share capital of the Company by the creation 
    of 500 000 000 new shares in the share capital of the Company ("the         
    increase in the authorised share capital"),                                 
insofar the recapitalisation of SA French by means of an unconditional,     
    fully underwritten renounceable rights offer of 400 000 000 new ordinary    
    shares of R0.01 each in SA French at an issue price of 5 cents per share    
    ("the rights offer"), as announced on SENS on 16 March 2011.                
At a special general meeting of SA French shareholders held on Tuesday, 26 April
2011, all the resolutions relating to aforementioned were passed by the         
requisite majority of shareholders present and voting, in person or by proxy.   
The special resolutions relating to the conversion of and the increase in the   
authorised share capital, which were approved in terms of the Companies Act No. 
61 of 1973, will be submitted to CIPRO for registration, and the circular       
regarding the rights offer will be posted to shareholders in due course.        
26 April 2011                                                                   
Sandton                                                                         
Designated Advisor:  PSG Capital (Proprietary) Limited                          
Corporate Advisor:  AfrAsia Corporate Finance (Proprietary) Limited             
Date: 26/04/2011 12:19:36 Supplied by www.sharenet.co.za                     
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