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SALD - Sallies Limited - Clarification announcement regarding the mandatory offer to debenture holders Sallies Limited (Incorporated in the Republic of South Africa) (Registration number 1903/001879/06) JSE Code: SALD ISIN: ZAE000117305 ("Sallies") CLARIFICATION ANNOUNCEMENT REGARDING THE MANDATORY OFFER TO DEBENTURE HOLDERS Debenture holders were notified on SENS on 7 December 2011 that if they elect to receive the mandatory offer consideration for the convertible debentures as disclosed on SENS on 1 December 2011, they will be entitled to receive accrued interest on the debentures held up until the date of acceptance of the mandatory offer consideration. In this respect, the 7 December 2011 announcement is factually incorrect. Pursuant to the applicable terms and conditions of the mandatory offer announced by Fluormin plc ("Flourmin") on 29 November 2011, Flourmin will not pay accrued interest to the convertible debenture holders. Debenture holders are referred to page 118 (Annexure 10) of the circular to Sallies securities holders dated 1 November 2011 and to the Sallies SENS announcement dated 8 December 2011 for details pertaining to the mandatory offer. 15 December 2011 Johannesburg Sponsor: Bridge Capital Advisors (Pty) Limited Date: 15/12/2011 17:15:00 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.
