ASR - Assore Limited - Unconditionality of financial assistance in respect of

ASR - Assore Limited - Unconditionality of financial assistance in respect of   
Assore`s third empowerment transaction and resignation of directors             
Assore Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/037394/06                                             
Share code: ASR ISIN: ZAE000146932                                              
("Assore")                                                                      
UNCONDITIONALITY OF FINANCIAL ASSISTANCE IN RESPECT OF ASSORE`S THIRD           
EMPOWERMENT TRANSACTION AND RESIGNATION OF DIRECTORS                            
Shareholders of Assore are referred to the circular dated 8 July 2011 ("the     
Circular") relating to the Financial Assistance to be provided by Assore to     
MS904 for the purposes of, or in connection with, the acquisition by MS904      
of the Sale Shares from MS343, a wholly-owned subsidiary of Shanduka Resources, 
in order to facilitate the Third Empowerment Transaction (using                 
the terms defined in the Circular).                                             
Shareholders are advised that, following the approval of all the resolutions    
relating to the Financial Assistance at the general meeting held on 10 August   
2011, all further conditions precedent in respect of the Financial Assistance,  
as set out in the Circular, have now been met.                                  
Accordingly, Messrs Matamela Cyril Ramaphosa and Rowan Murray Smith, who        
represented Shanduka Resources on the board of directors of Assore, have        
resigned from the board with effect from 19 August 2011.                        
Johannesburg                                                                    
19 August 2011                                                                  
Investment bank and sponsor to Assore                                           
Standard Bank                                                                   
Attorneys to Assore                                                             
Webber Wentzel Attorneys                                                        
Date: 19/08/2011 11:36:00 Supplied by www.sharenet.co.za                     
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