DLV - Dorbyl Limited - Legal proceedings against a former director - appeal

DLV - Dorbyl Limited - Legal proceedings against a former director - appeal     
hearing                                                                         
DORBYL LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration Number:  1911/001510/06)                                          
(Share Code:  DLV   ISIN:  ZAE000002184)                                        
("Dorbyl" or "the Company")                                                     
LEGAL PROCEEDINGS AGAINST A FORMER DIRECTOR - APPEAL HEARING                    
Shareholders are referred to the SENS announcement dated 29 July 2011,          
wherein shareholders were advised of the legal proceedings instituted by        
Dorbyl against a former director as a result of certain undisclosed gains       
made by the said director emanating from the non-disclosure of his interest     
in various prior business disposals by Dorbyl. Shareholders were advised        
that the matter was heard in the high court in February 2011 and that           
judgement was handed down on 28 July 2011, in which Dorbyl was successful       
in its claims which in aggregate amount to R41,7m plus interest and costs       
("the Judgement").                                                              
Shareholders are also referred to the 2011 Integrated Report where              
shareholders were advised that the defendant had lodged an application for      
leave to appeal the judgement.                                                  
Shareholders are hereby advised that the application for leave to appeal        
was heard on 30 November 2011 and that the application was dismissed with       
costs. Counsel for the defendant has indicated that they intend to petition     
the Chief Justice for leave to appeal to the Supreme Court of Appeal.           
Shareholders will be informed of further developments in regard to the          
above.                                                                          
Johannesburg                                                                    
2 December 2011                                                                 
Sponsor:  PSG Capital (Proprietary) Limited                                     
Date: 02/12/2011 16:00:01 Supplied by www.sharenet.co.za                     
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