KDV - Kaydav Group Limited - Results of the written consent process in

KDV - Kaydav Group Limited - Results of the written consent process in          
relation to resolutions of shareholders of the company in terms of              
section 60 of the companies act, 2008                                           
Kaydav Group Limited                                                            
(Incorporated in the Republic of South Africa)                                  
Registration number 2006/038698/06                                              
Share code: KDV   ISIN: ZAE000108940                                            
("Company")                                                                     
RESULTS OF THE WRITTEN CONSENT PROCESS IN RELATION TO RESOLUTIONS OF            
SHAREHOLDERS OF THE COMPANY IN TERMS OF SECTION 60 OF THE COMPANIES ACT,        
2008 (the "Act")                                                                
Shareholders are referred to the announcement released on SENS on 27            
September 2011, regarding the proposed special resolutions relating to:         
    -    the provision of financial assistance (as defined in the Act)          
         to a related company (as defined in the Act)or an inter-related        
company (as defined in the Act)in terms of section 45 of the           
         Act;                                                                   
    -    the payment of remuneration to the non-executive directors of          
         the Company for their services as directors in terms of section        
66 of the Act for the year ending 31 December 2011; and                
    -    an annual increase not exceeding 15% of the fees payable by the        
         Company to the non-executive directors of the Company for their        
         services as directors in terms of section 66 of the Act,               
which proposed special resolutions were submitted to shareholders of the        
Company for consideration by written consent of shareholders in terms of        
section 60 of the Act.                                                          
Shareholders are advised that each of the proposed special resolutions          
were supported by written consent of persons entitled to exercise voting        
rights thereon and holding 79.03 % (seventy nine point zero three               
percent) of the voting rights in the Company as at 3 October 2011 and           
accordingly each of the proposed special resolutions has been adopted by        
the Company in terms of section 60(2) of the Act.                               
The Company will deliver a statement in accordance with section 60(4) of        
the Act and notice in terms of section 45(5) of the Act to every                
shareholder recorded in the Company register as at 3 October 2011.              
11 November 2011                                                                
Corporate advisor, legal advisor and sponsor                                    
Java Capital                                                                    
Date: 11/11/2011 10:17:17 Supplied by www.sharenet.co.za                     
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