AET - Alert Steel Holdings Limited - Rights offer results announcement

AET - Alert Steel Holdings Limited - Rights offer results announcement          
ALERT STEEL HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa)                                   
Registration number 2003/005144/06)                                             
JSE code: AET     ISIN: ZAE000092847                                            
("Alert Steel")                                                                 
RIGHTS OFFER RESULTS ANNOUNCEMENT                                               
The directors of Alert Steel are pleased to announce the results of the         
rights offer of 1 515 151 515 new ordinary shares ("rights shares") at          
a price of 3.3 cents per rights share in order to raise R50 million             
("the rights offer"), which closed on Friday, 7 October 2011.                   
Applications were received in respect of all rights shares offered.             
Share certificates has been posted to certificated shareholders and             
their renouncees and the custody accounts of dematerialised                     
shareholders and their renouncees, who have followed their rights, have         
been updated.                                                                   
Pretoria                                                                        
12 October 2011                                                                 
Designated advisor                                                              
QuestCo Sponsors (Pty) Limited                                                  
Date: 12/10/2011 16:40:13 Supplied by www.sharenet.co.za                     
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