NAI/NAN - NAIL - Acquisition of Ordinary Shares and "N" ordinary shares by

NAI/NAN - NAIL - Acquisition of Ordinary Shares and "N" ordinary shares by      
Primedia (Proprietary) Limited and Directors` dealings in Securities            
New Africa Investments Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002467/06)                                            
Share code: NAI and NAN                                                         
ISIN: ZAE000033338 and ZAE000033346                                             
("NAIL" or the "Company")                                                       
ACQUISITION OF ORDINARY SHARES AND "N" ORDINARY SHARES BY PRIMEDIA (PROPRIETARY)
LIMITED AND DIRECTORS` DEALINGS IN SECURITIES                                   
DIVIDEND DECLARATION                                                            
1.   Acquisition of ordinary and "N" ordinary shares                            
    In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the 
    Act"), and section 3.83(b) of the JSE Listings Requirements, holders of     
    ordinary and "N" ordinary shares in the Company are advised that Primedia   
(Proprietary) Limited, has acquired the following additional ordinary and   
    "N" ordinary shares in the Company from Capricorn Capital Partners          
    Investments (Proprietary) Limited:                                          
    -    1 185 896 ordinary shares; and                                         
-    27 193 881 "N" ordinary shares.                                        
    NAIL hereby confirms that the Company has received notices from both        
    parties in terms of Section 122(1) of the Act.                              
    The above transaction has resulted in the following changes to the          
shareholding in NAIL shares:                                                
    -    Primedia - increased their beneficial interest in NAIL ordinary shares 
         from 47.4% to 76.1%, and their beneficial interest in NAIL "N"         
         ordinary shares from 73.6% to 95.8%.                                   
-    Capricorn - reduced their beneficial interest in NAIL ordinary shares  
         from 50.2% to 21.6%, and their beneficial interest in NAIL "N"         
         ordinary shares from 26.1% to 3.9%.                                    
2.   Directors` dealings in securities                                          
In compliance with section 3.63 to 3.65 of the Listings Requirements of the 
    JSE Limited ("Listings Requirements"), we hereby advise of the following    
    dealings by a director in Nail`s securities as a consequence of the         
    transaction described in paragraph 1:                                       
Name of director:                      G Chadwick                           
    Date of transaction:                   7 July 2011                          
    Initial Price per share:               50.02 cents                          
    Number of shares:                      118 352                              
Total initial value:                   R59 200                              
    Class of securities:                   Ordinary shares                      
    Nature of transaction:                 Disposal                             
    Nature and extent of director`s        Indirect Beneficial                  
interest:                                                                   
                                                                                
    Name of director:                      G Chadwick                           
    Date of transaction:                   7 July 2011                          
Initial Price per share:               50.02 cents                          
    Number of shares:                      2 713 949                            
    Total initial value:                   R1 357 517                           
    Class of securities:                   "N" ordinary shares                  
Nature of transaction:                 Disposal                             
    Nature and extent of director`s        Indirect Beneficial                  
    interest:                                                                   
    The initial price per share may be increased in the event that certain tax  
claims NAIL has against South African Revenue Services are received.        
    Clearance to deal was received in terms of section 3.66 of the Listings     
    Requirements.                                                               
Sandton                                                                         
7 July 2011                                                                     
Investment Bank and Sponsor to NAIL                                             
Investec Bank Limited                                                           
Date: 07/07/2011 17:45:01 Supplied by www.sharenet.co.za                     
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