ZPT - Zaptronix Limited - Update on the acquisition of the business of I to I

ZPT - Zaptronix Limited - Update on the acquisition of the business of I to I   
ZAPTRONIX LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1997/014928/06)                                           
(Share Code: ZPT ISIN Code: ZAE000070934)                                       
("Zaptronix" or "the Company")                                                  
UPDATE ON THE ACQUISITION OF THE BUSINESS OF I TO I                             
1.   INTRODUCTION                                                               
Shareholders are referred to the announcements released on SENS on 26 February  
2010, 6 September 2010, 1 December 2010, 3 December 2010 and 31 May 2011, where 
it was announced that Zaptronix had entered into a Sale of Business Agreement to
purchase the business risk solutions business of I to I Technology Solutions    
(Pty) Limited ("I to I")("the acquisition").                                    
2.   PROGRESS                                                                   
In terms of the JSE Listing Requirements, the company has to prepare a circular 
including revised listings requirements to shareholders.  The Company`s annual  
financial results for the year ended 31 August 2011 will form the reference for 
comparative results in the circular.  The company is in the process of          
finalising the financials to be included in the circular and thus the circular  
will be posted in due course.                                                   
4 November 2011                                                                 
Midrand                                                                         
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 04/11/2011 09:42:33 Supplied by www.sharenet.co.za                     
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