BIK - Brikor - Renewal of Cautionary Announcement regarding Disposals

BIK - Brikor - Renewal of Cautionary Announcement regarding Disposals           
Brikor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/013247/06)                                            
(JSE code: BIK     ISIN: ZAE000101945)                                          
("Brikor" or "the company")                                                     
RENEWAL OF CAUTIONARY ANNOUNCEMENT REGARDING DISPOSALS                          
Shareholders are referred to the announcement released on SENS on 11 February   
2011, where it was announced that Brikor had entered into heads of agreements   
for the sale of the operations in Donkerhoek and the operations of Stanger Brick
and Tile.                                                                       
The parties to the sale of the Stanger Brick and Tile operations have entered   
into a Sale Agreement on 11 March 2011, subject to certain suspensive           
conditions. The purchaser is currently finalising the transaction structure in  
order to meet the suspensive conditions in the Sale Agreement.                  
With regard to the sale of the operations in Donkerhoek, the parties have not   
yet entered into a Sale Agreement as certain regulatory approvals are being     
awaited.                                                                        
Shareholders will be kept informed on the progress of the above transactions and
are advised to continue exercising caution when dealing in their Brikor shares  
until such time as the transactions have been finalised and detailed            
announcements, containing the full financial effects, can be made.              
19 May 2011                                                                     
Nigel                                                                           
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 19/05/2011 09:48:01 Supplied by www.sharenet.co.za                     
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