RAH - Real Africa Holdings Limited - Withdrawal of cautionary announcement

RAH - Real Africa Holdings Limited - Withdrawal of cautionary announcement      
REAL AFRICA HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/003919/06)                                            
Share code: RAH ISIN: ZAE000008702                                              
("RAH")                                                                         
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Further to the cautionary announcement dated 18 April 2011 shareholders of      
RAH are referred to the announcements released by Sun International Limited     
("Sun International") ("Sun International announcement") and Grand Parade       
Investments Limited ("GPI") on the Securities Exchange News Service on 16 May   
2011 setting out the terms of a restructure of Sun International and GPI`s      
common interests in certain Sun International subsidiaries, one of which is     
RAH ("the Proposed Restructure").                                               
The Proposed Restructure may result in Sun International (through its wholly    
owned subsidiary Sun International (South Africa) Limited ("SISA")) making an   
offer to acquire all of the shares in RAH which Sun International does not      
already own ("RAH Conditional Offer"). The making of the RAH Conditional        
Offer will be subject to the fulfillment of the pre-condition that by no        
later than 15 December 2011 (or such other date as may be agreed to between     
Sun International and GPI) the transaction agreements providing for the         
Proposed Restructure are signed and become unconditional in accordance with     
their terms.                                                                    
The Sun International announcement does not constitute a firm intention to      
make an offer for the RAH shares nor does it imply that a firm intention to     
make such an offer is imminent, as contemplated in Chapter 5 of the Companies   
Regulations, 2011, promulgated under the Companies Act. Should a firm           
intention to make an offer be received by the RAH Board of directors,           
shareholders will be notified of the terms thereof.                             
Accordingly shareholders are advised that the cautionary announcement has       
been withdrawn.                                                                 
Sandton                                                                         
16 May 2011                                                                     
Sponsor                                                                         
(Investec Bank logo)                                                            
Date: 16/05/2011 09:00:01 Supplied by www.sharenet.co.za                     
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