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BCX/UCS - Business Connexion Group /UCS Group - Fulfilment of conditions precedent and closing: Destiny Electronic Commerce (Proprietary) Limited BUSINESS CONNEXION GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1988/005282/06) Ordinary share code: BCX ISIN: ZAE000054631 "A" share code: BCA ISIN ZAE000156154 ("BCX") UCS GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/002253/06) Share code: UCS ISIN: ZAE000016150 ("UCS") FULFILMENT OF CONDITIONS PRECEDENT AND CLOSING: DESTINY ELECTRONIC COMMERCE (PROPRIETARY) LIMITED ("DESTINY E-COMMERCE") BCX and UCS shareholders ("Shareholders") are referred to the announcements released by each of the Companies on the Securities Exchange News Service of the JSE Limited on 24 May 2011 and by BCX on 2 June 2011 relating to the disposal of BCX`s 70% shareholding in and all of its loan claims against Destiny E-Commerce ("the Disposal"). In this regard, shareholders are advised that all conditions precedent to the Disposal have now been fulfilled and accordingly the Disposal will be effective from today, 30 June 2011. Midrand 30 June 2011 Merchant bank and sponsor to BCX RAND MERCHANT BANK (A division of FirstRand Bank Limited) Attorneys to UCS Glyn Marais Inc Corporate advisor and sponsor to UCS One Capital Date: 30/06/2011 16:51:07 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
