VOX - Vox Telecom Limited - Acquisition of Ordinary Shares by Investec Bank

VOX - Vox Telecom Limited - Acquisition of Ordinary Shares by Investec Bank     
Limited                                                                         
VOX TELECOM LIMITED                                                             
(Incorporated in the Republic of South Africa)                                  
Registration Number: 1998/016433/06                                             
JSE Code: VOX                                                                   
ISIN Code:ZAE000097234                                                          
("Vox Telecom" or "the Company")                                                
Acquisition of Ordinary Shares by Investec bank limited                         
In accordance with Regulation 98 of the Companies Act, 71 of 2008 ("the Act"),  
holders of ordinary shares in the Company are advised that Investec Bank Limited
("IBL") has acquired shares in the open market at a price below the proposed    
cash consideration of 45 cents per ordinary share contemplated in the firm      
intention announcement released on SENS on 14 July 2011. The firm intention     
announcement included particulars setting out terms upon which, IBL is acting in
concert with Lereko Metier Trustees (Proprietary) Limited in its capacity as a  
trustee of Lereko Metier Capital Growth Fund, Master`s reference number IT      
11855/06 and the LMCGF Parallel Trust 1, Master`s reference number IT 12788/07  
("Lereko Metier") (collectively, the "Concert Parties") for the purpose of      
acquiring the entire issued and to be issued share capital in Vox Telecom       
Limited ("Vox") by way of a scheme of arrangement in terms of section 114 of the
Act ("the Scheme").                                                             
The above transaction has resulted in IBL increasing their beneficial interest  
in Vox ordinary shares from 6.5% to 7.8% and the Concert Parties in respect of  
the Scheme collectively increasing their interest in Vox ordinary shares from   
31.3% to 32.6%.                                                                 
Johannesburg                                                                    
26 July 2011                                                                    
Financial Advisor                                                               
Investec Corporate Finance                                                      
Date: 26/07/2011 17:05:43 Supplied by www.sharenet.co.za                     
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