HSP - Holdsport Limited - Acquisition of the Capestorm brand

HSP - Holdsport Limited - Acquisition of the Capestorm brand                    
Holdsport Limited                                                               
(incorporated in the Republic of South Africa)                                  
(Registration number 2006/022562/06)                                            
JSE share code: HSP                                                             
ISIN: ZAE000157046                                                              
("Holdsport" or the "Company")                                                  
Acquisition of the CAPESTORM brand                                              
Shareholders are advised that Holdsport has entered into an agreement in terms  
of which Holdsport will acquire the CAPESTORM Brand and related intellectual    
property, including certain inventories, for an undisclosed value. Holdsport    
will also acquire two retail outlets in Bryanston and Wynberg as part of the    
transaction.                                                                    
CAPESTORM is a technical outdoor adventure apparel brand, which was established 
in 1996 and the product range caters to the active sports and outdoor           
enthusiast.                                                                     
Holdsport intends to grow and develop the CAPESTORM Brand and will leverage the 
First Ascent infrastructure to facilitate this process.                         
The transaction falls below the JSE disclosure thresholds. The acquisition will 
not have any significant impact on the financial results of Holdsport in the    
short term.                                                                     
15 December 2011                                                                
Sponsor: UBS South Africa (Pty) Limited                                         
Legal advisor: Edward Nathan Sonnenbergs                                        
Date: 15/12/2011 13:51:00 Supplied by www.sharenet.co.za                     
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