BEG - Beige Holdings Limited - Results of rights offer

BEG - Beige Holdings Limited - Results of rights offer                          
Beige Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration No: 1997/006871/06)                                               
Share code:   BEG  ISIN code:   ZAE000034161                                    
("Beige" or "the company")                                                      
RESULTS OF RIGHTS OFFER                                                         
The board of directors is pleased to announce that the rights offer of R25      
000 000, comprising 25 000 000 new convertible redeemable preference shares     
of R1.00 each was over-subscribed by an amount of R7 554 192 by way of          
shareholders following rights and through excess applications.  Of the 25       
000 000 preference shares, 11 351 333 were allocated through shareholders       
following rights and 13 648 667 by way of excess applications.  All excess      
applications up to 100 000 shares were allowed in full in order to allow        
smaller shareholders to increase their shareholding.  Thereafter, excess        
applications above 100 000 were allocated based firstly on existing rights      
held and thereafter based on excess applications.                               
Refunds of unsuccessful excess applications will be made in terms of the        
circular to shareholders.                                                       
Dematerialised shareholders will have their accounts at their CSDP or broker    
updated with the new preference shares and debited with the costs today in      
respect of the shares applied for.  Preference share certificates in terms      
of the rights offer will be posted to holders of certificated shares on or      
about Monday, 16 May 2011.                                                      
Excess allocations will be updated and debited on or about Thursday, 19 May     
2011. Share certificates in respect of excess allocations will be posted on     
or about Thursday, 19 May 2011.                                                 
Johannesburg                                                                    
16 May 2011                                                                     
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 16/05/2011 13:36:01 Supplied by www.sharenet.co.za                     
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