JDH - John Daniel Holdings Limited - Results of the rights offer and withdrawal

JDH - John Daniel Holdings Limited - Results of the rights offer and withdrawal 
of cautionary announcement                                                      
JOHN DANIEL HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1998/013215/06)                                            
Share code: JDH    ISIN: ZAE 000136677                                          
("the Company")                                                                 
RESULTS OF THE RIGHTS OFFER AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT           
The board of directors of the Company are pleased to announce that the rights   
offer of up to R15 million at the rights offer price of 7 cents per share       
("Rights Offer") as was detailed in the circular to shareholders on 26 September
2011, has been successfully subscribed for in its entirety by existing          
shareholders, excess applications and the underwriter.                          
Escalator Capital Limited ("Escalator"), the underwriter, agreed to underwrite  
to the amount of R13 587 000, resulting in Escalator being issued 194 179 641   
ordinary shares. Escalator will accordingly hold 52.21% of the issued share     
capital of JDH.                                                                 
At a general meeting held on 17 October 2011, shareholders approved a waiver of 
the requirement of Escalator to make a mandatory offer to minority shareholders 
in the event that they exceeded 35% shareholding in the Company as a consequence
of underwriting the Rights Offer.                                               
In addition, shareholders are referred to the withdrawal of cautionary          
announcement dated 9 September 2011 regarding the Rights Offer and the          
Acquisition of further shares in Lazaron, and shareholders are advised that the 
negotiations regarding Vinguard Limited, a subsidiary of JDH, have also ended   
and accordingly, shareholders are advised that the cautionary announcement in   
this regard has been withdrawn.                                                 
Johannesburg                                                                    
17 October 2011                                                                 
Sponsor                                                                         
Arcay Moela Sponsor (Pty) Ltd                                                   
Date: 18/10/2011 08:07:05 Supplied by www.sharenet.co.za                     
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