SFH - SA French Limited - Disclosure of disposal and acquisition of securities

SFH - SA French Limited - Disclosure of disposal and acquisition of securities  
SA FRENCH LIMITED                                                               
Incorporated in the Republic of South Africa                                    
(Registration number:  1982/009174/06)                                          
Share code:  SFH   ISIN:  ZAE000108890                                          
("SA French" or "the Company")                                                  
DISCLOSURE OF DISPOSAL AND ACQUISITION OF SECURITIES                            
In accordance with section 122 (3)(b) of the Companies Act, No. 71 of 2008 and  
section 3.83(b) of the Johannesburg Stock Exchange ("JSE") listings             
requirements, shareholders are hereby advised that the Company has received     
formal notification in the prescribed form of the following movements in        
securities of the Company:                                                      
-    SA French Group Trust ("SA French") has disposed of a 19.42% interest in   
    securities in the Company such that the total interest in the securities    
    of the Company held by SA French has been reduced to 20.32% of the total    
issued share capital of the Company;                                        
-    Trinity Asset Management (Proprietary) Limited ("Trinity") has acquired    
    an interest constituting 12.42% of the total issued share capital in the    
    Company such that the total interest in the securities of the Company       
held by Trinity amounts to 23.39%; and                                      
-    SJP Capital Limited ("SJP") has acquired an interest constituting 8.83%    
    of the total issued share capital in the Company such that the total        
    interest in the securities of the Company held by SJP amounts to 8.83%.     
Johannesburg                                                                    
13 December 2011                                                                
Designated advisor:  PSG Capital Proprietary Limited                            
Date: 13/12/2011 15:46:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
Empowerment Trust Limited ("CET"), a wholly owned subsidiary of CEL         
    ("loan facility"). CET and Ascension entered into a subscription            
    agreement in terms whereof CET has agreed to subscribe for such number      
    of "B" linked units in the capital of Ascension, each of which              
comprises one "B" ordinary share of no par value linked to one variable     
    rate, unsecured, subordinated "B" debenture with a nominal value of 50      
    cents each ("B-Linked Units"), as is equal to the total amount              
    outstanding under the loan facility at the date of the subscription