ITR - Intertrading - Termination of Proposed Acquisition of Connectnet Broadband

ITR - Intertrading - Termination of Proposed Acquisition of Connectnet Broadband
Wireless Proprietary Limited ("Connectnet")                                     
INTERTRADING LIMITED                                                            
Registration number 1987/004777/06                                              
("Intertrading" or "the company")                                               
Share code: ITR                                                                 
ISIN code: ZAE000015566                                                         
(Suspended)                                                                     
TERMINATION OF PROPOSED ACQUISITION OF CONNECTNET BROADBAND WIRELESS PROPRIETARY
LIMITED ("CONNECTNET")                                                          
Shareholders are referred to previous announcements regarding the proposed      
acquisition by Intertrading of ConnectNet ("the proposed acquisition"), the last
announcement being included in the company`s unaudited interim results published
on 29 November 2011.                                                            
As certain of the conditions precedent have not been fulfilled, shareholders are
advised that the parties have agreed not to proceed with the proposed           
acquisition.                                                                    
Johannesburg                                                                    
5 December 2011                                                                 
Sponsor                                                                         
Sasfin Capital (a division of Sasfin Bank Limited)                              
Date: 05/12/2011 17:03:01 Supplied by www.sharenet.co.za                     
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