RLO - Reunert Limited - Voluntary announcement: Competition authorities approve

RLO - Reunert Limited - Voluntary announcement: Competition authorities approve 
Reunert`s purchase of ECN Telecommunications                                    
REUNERT LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
Registration Number:  1913/004355/06                                            
ISIN:  ZAE000057428                                                             
JSE Code:  RLO                                                                  
("Reunert")                                                                     
VOLUNTARY ANNOUNCEMENT: COMPETITION AUTHORITIES APPROVE REUNERT`S PURCHASE OF   
ECN TELECOMMUNICATIONS                                                          
Electronics and electrical engineering company, Reunert, confirmed that the     
South African competition authorities yesterday unconditionally approved the    
acquisition of ECN Telecommunications (Pty) Ltd ("ECN") by Reunert.             
The purchase price of R180 million is subject to a financial audit, and the     
final price is estimated to be in the range of between R170 to R190 million.    
John Holdsworth, CEO of ECN said:                                               
"The acquisition will enable ECN to aggressively grow its market share in the   
rapidly converging R60 billion a year business fixed line telecommunications    
sector. It will also provide significant value and benefit to existing Nashua   
customers as a result of the enhanced and complementary product offerings and   
development focused on converged voice and data and fixed and mobile solutions."
Reunert`s CEO Nick Wentzel said:                                                
"We are very pleased with the progress that the Nashua group is making to offer 
total solutions comprising office automation, telecommunications and information
technology to its business customers.  The approval by the competition          
authorities will provide significant impetus to this process."                  
Andy Baker, the CEO of the Nashua group said:                                   
"We are delighted that the competition authorities have approved the acquisition
of ECN without conditions, and are excited about the opportunities that this    
addition to the Nashua group will bring. ECN is the market leader in the VoIP   
environment, and our ability to offer fully converged communications solutions  
has now been greatly enhanced."                                                 
Sandton                                                                         
9 June 2011                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 09/06/2011 12:18:01 Supplied by www.sharenet.co.za                     
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