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FWD - Freeworld Coatings Limited - Updated dates and times announcement by Freeworld and Kansai 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") Kansai Paint Co., Ltd. (Incorporated in Japan) (Registration number 1402-01-001093) TSE share code: 4613 ("Kansai") UPDATED DATES AND TIMES ANNOUNCEMENT BY FREEWORLD AND KANSAI REGARDING 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 Freeworld Shares in respect of which a Retained Investment Election is made. Definitions on pages 8 to 12 of the Circular are 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. As announced previously, all Conditions Precedent to the Scheme and the Delisting were fulfilled by 7 December 2011 and accordingly the Scheme is currently operative. 2. Updated important dates and times On 14 December 2011 the South African government announced that 27 December 2011 will be an additional public holiday in South Africa. This has necessitated Freeworld and Kansai to update the following important dates and times set out in the Circular as follows: Expected Operative Date of the Scheme and Wednesday, 28 December 2011 expected date of payment of the Scheme Consideration to be transferred electronically or posted to certificated Scheme Consideration Recipients (if Form of Election (blue) and Documents of Title are received by the Transfer Secretaries on or before 12:00 on the Scheme Consideration Record Date) on Expected termination of listing of Freeworld Thursday, 29 December 2011 Shares on the Exchange at the commencement of trade on or about Other than the abovementioned changes there are no changes to the important dates and times set out in the Circular. Paulshof 15 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. Sponsor Rand Merchant Bank, a division of FirstRand Bank Limited Date: 15/12/2011 16:51:01 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.
