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CSP - Chemical Specialities Limited - Notice in terms of section 45(5) of the Companies Act Chemical Specialities Limited Incorporated in the Republic of South Africa Registration number 2005/039947/06 Share code: CSP ISIN: ZAE000109427 ("Chemspec" or "the Company") NOTICE TO SHAREHOLDERS OF CHEMICAL SPECIALITIES LIMITED REGISTRATION NUMBER 2005/039947/06 IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO 71 OF 2008 Notice is hereby given as required in terms of section 45(5) of the Act that the board of ChemSpec has resolved in terms of section 45(2) of the Act to authorise ChemSpec to provide financial assistance to persons who are related or inter-related to ChemSpec pursuant to the authority granted to the board of ChemSpec by its shareholders at a general shareholders meeting held on 17th October 2011. Financial assistance for the purpose of this resolution, refers to loans to subsidiary companies as well as the cross suretyship by and between Chemspec House of Paint (Pty) Ltd and Chemspec Paint & Abrasive (Pty) Ltd and the Company, and reversionary cessions of debts by Chemspec House of Paint (Pty) Ltd and Chemspec Paint & Abrasive (Pty) Ltd in favour of Rand Merchant Bank for a loan facility granted to the Company. Durban 4 November 2011 Statucor Proprietary Limited Company Secretary Designated Advisor Grindrod Bank Limited Date: 04/11/2011 09:21:26 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
