BK1P - BK One Limited - Additions to BK One`s investment portfolio

BK1P - BK One Limited - Additions to BK One`s investment portfolio              
BK ONE LIMITED                                                                  
(Formerly Sains Trading (Proprietary) Limited)                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2011/008103/06)                                            
Share code: BK1P ISIN: ZAE000161352                                             
("BK One" or "the Company")                                                     
ADDITIONS TO BK ONE`S INVESTMENT PORTFOLIO                                      
Shareholders are advised that the Company has now, further to the listing       
of BK One on Thursday, 8 December 2011, invested in the following assets:       
    -    Avalloy Proprietary Limited ("Avalloy"):                               
*    R45 million (forty five million Rand)in unlisted             

                   cumulative, redeemable preference shares at a                
                   dividend rate of 15% (compounded annually); and              
              *    a loan to the value of R11,316,688 (eleven million           
three hundred and sixteen thousand six hundred and           

                   eighty eight Rand) at an interest rate of prime plus         
                   3% (compounded monthly), capped at 15%.                      
         -    Both these investments provide the Company with the option        
of taking up ordinary equity in Avalloy, at the discretion        

              of the Company.                                                   
    -    Pure Ocean Aquaculture Proprietary Limited ("Pure Ocean"):             
              *    Loans to the value of R61,415,233 (sixty one million         
four hundred and fifteen thousand two hundred and            

                   thirty three rand) at an interest rate of prime plus         
                   3% (compounded monthly), capped at 15%.                      
         -    This investment provides BK One with the option of taking         
up ordinary equity in Pure Ocean, at the discretion of the        

              Company.                                                          
    -    Tor Holdings Proprietary Limited ("Tor")                               
              *    R35 million (thirty five million Rand) in loan               
funding at an interest rate of prime (compounded             

                   monthly), which provides the Company with 12% of the         
                   ordinary equity of Tor.                                      
For further details of the abovementioned investments, refer to the             
prospectus dated Wednesday, 30 November 2011.                                   
Cape Town                                                                       
12 December 2011                                                                
Investment bank and debt sponsor                                                
Nedbank Capital                                                                 
Date: 12/12/2011 13:59:14 Supplied by www.sharenet.co.za                     
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