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FWD - Freeworld Coatings Limited - Finalisation date announcement regarding the Delisting of Freeworld Shares Freeworld Coatings Limited (Incorporated in the Republic of South Africa) (Registration number 2007/021624/06) Share code: FWD ISIN: ZAE000109450 ("Freeworld" or "the Company") Kansai Paint Co., Ltd. (Incorporated in Japan) (Registration number 1402-01-001093) TSE share code: 4613 ("Kansai") JOINT FINALISATION DATE ANNOUNCEMENT BY FREEWORLD AND KANSAI IN RELATION TO THE DELISTING OF FREEWORLD SHARES 1. INTRODUCTION Freeworld shareholders ("Shareholders") are referred to the circular dated 25 October 2011 ("Circular") regarding the delisting ("Delisting") of Freeworld ordinary shares ("Freeworld Shares") from the exchange operated by the JSE Limited ("JSE") and a scheme of arrangement ("Scheme") in terms of which, if implemented, Kansai will acquire all the issued shares of Freeworld not already owned by Kansai, save for the Freeworld Shares in respect of which a Retained Investment Election has been made. Definitions found on pages 8 to 12 of the Circular have been used in this announcement. Copies of the Circular can be found at http://www.freeworldcoatings.com/ and http://ww.kansai.co.jp/global_site/index.html. Shareholders are reminded that, as announced on SENS on 23 November 2011 and published in the press on 24 November 2011, all of the special and ordinary resolutions contained in the notice attached to the Circular, approving the Scheme and the Delisting, were duly passed at the General Meeting of Shareholders held on 23 November 2011. 2. FULFILMENT OF CONDITIONS PRECEDENT TO THE DELISTING AND THE SCHEME The Delisting and the Scheme, which were inter-conditional, were subject to the fulfilment of the Conditions Precedent, as set out on page 15 of the Circular, by not later than 17:00 on 10 December 2011. Freeworld and Kansai are pleased to announce that all of the Conditions Precedent to the Scheme and the Delisting were fulfilled by 7 December 2011, and accordingly the Scheme is now operative. The Freeworld Shares will be delisted from the JSE from commencement of trade on Wednesday 28 December 2011. 3. IMPORTANT DATES AND TIMES The important dates and times relating to the Delisting and the Scheme as set out in the Circular have not changed. Paulshof 7 December 2011 Enquiries: Newman Lowther & Associates Ben Lowther, +27 (0)21 673 7000 Freeworld Eleanor Chamberlain, +27 (0)11 549 8009 Financial advisors to Freeworld and Kansai Newman Lowther & Associates (Pty) Ltd Attorneys to Freeworld and Kansai Bowman Gilfillan Inc. JSE Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 07/12/2011 17:41:24 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
