SALD - Sallies Limited - Notice of interest payment on unsubordinated

SALD - Sallies Limited - Notice of interest payment on unsubordinated           
unsecured convertible debentures of R0.50 each ("debentures")                   
Sallies Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1903/001879/06)                                            
JSE Code: SALD ISIN: ZAE000117305                                               
("Sallies")                                                                     
NOTICE OF INTEREST PAYMENT ON UNSUBORDINATED UNSECURED CONVERTIBLE              
DEBENTURES OF R0.50 EACH ("DEBENTURES")                                         
Notice is hereby given that Interest Payment number 8 has been determined       
in accordance with the terms and conditions attaching to the Debentures         
based upon a period of 184 days, being from 30 June 2011 to 30 December         
2011.                                                                           
Interest payment number:           8                                            
Rate:                              10% p.a.                                     
Cents per debenture:               2.52055                                      
Last day to trade "cum" interest payment:    Thursday, 22 December 2011         
Trading commences "ex" interest payment:     Friday, 23 December 2011           
Record date:                                 Friday 30 December 2011            
Payment date:                                Tuesday, 3 January 2012            
Debenture certificates for the unsubordinated unsecured convertible             
debentures may not be dematerialised or rematerialised between Friday, 23       
December 2011 and Friday 30 December 2011, both days inclusive.                 
Debenture holders are also notified that if they elect to receive the           
mandatory offer consideration as disclosed on SENS on 1 December 2011, they     
will be entitled to receive accrued interest on the debentures held up          
until the date of acceptance of the mandatory offer consideration.              
7 December 2011                                                                 
Johannesburg                                                                    
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 07/12/2011 15:25:01 Supplied by www.sharenet.co.za                     
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