BILETS - Letshego Holdings Limited - Trading notice update - Acquisition of

BILETS - Letshego Holdings Limited - Trading notice update - Acquisition of     
majority shareholding in Micro Africa Limited                                   
Letshego Holdings Limited                                                       
Incorporated in the Republic of Botswana                                        
Registration number 98/442                                                      
("Letshego Holdings" or "the Company")                                          
This announcement is being released on the Johannesburg Stock Exchange for      
information purposes only in respect of Letshego Holdings Limited`s Note        
Programme                                                                       
TRADING NOTICE UPDATE                                                           
Acquisition of majority shareholding in Micro Africa Limited                    
Letshego Holdings Limited is a leading provider of unsecured consumer loans     
to formally employed individuals, is listed on the Botswana Stock Exchange,     
is IFSC accredited and has operations in Botswana, Mozambique, Namibia,         
Swaziland, Tanzania, Uganda and Zambia.                                         
In line with the Pan-African expansion plans of the Letshego Group,             
Shareholders were advised on 21 September 2011 that the Group is in the         
process of acquiring a 62.52% interest in the issued share capital of Micro     
Africa Limited ("MAL"), a private company incorporated in Kenya.                
This transaction was expected to be completed by the end of October 2011 but    
is now only expected to be completed at the earliest during February 2012       
(i.e. after Letshego Holdings Limited`s financial year ending 31 January        
2012).                                                                          
This is due to additional due diligence procedures required to be performed     
and the approval of the Kenya Competition Authority.                            
The terms of the acquisition and the consideration of USD3.3 million are not    
expected to change.                                                             
Gaborone                                                                        
20 December 2011                                                                
Debt sponsor in South Africa                                                    
Renaissance BJM Securities (Pty) Ltd                                            
Sponsoring broker in Botswana                                                   
Stockbrokers Botswana Limited                                                   
Date: 20/12/2011 15:00:01 Supplied by www.sharenet.co.za                     
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