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SKJ - Sekunjalo Investments Limited - Posting of circular to shareholders SEKUNJALO INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration number: 1996/006093/06) ISIN: ZAE000017893 JSE Share Code: SKJ ("Sekunjalo" or "the Company") POSTING OF CIRCULAR TO SHAREHOLDERS Shareholders are referred to the Company`s announcement, dated 9 December 2011, regarding the Company`s participation in the Pioneer Food Group Limited Broad-Based Black Economic Empowerment Transaction ("Pioneer Foods BEE Transaction"), referred to in that announcement as the Pioneer Foods Phase II Broad-Based Black Economic Empowerment Transaction. The Companies Act and the Listings Requirements of the JSE Limited do not require Sekunjalo to obtain shareholder approval in respect of the Pioneer Foods BEE Transaction, save that Sekunjalo shareholders are required to approve, in terms of section 44(3)(a)(ii) and section 45(3)(a)(ii) of the Companies Act, the financial assistance granted by Sekunjalo pursuant to the provisions of the Pioneer Foods BEE Transaction. Accordingly a circular has been posted to Sekunjalo shareholders today relating to the submission to Sekunjalo shareholders of: i.) a resolution in terms of section 44(3)(a)(ii) for the provision of financial assistance by Sekunjalo for the subscription for B Preference Shares in the share capital of a wholly-owned subsidiary of Sekunjalo; and ii.) a resolution in terms of section 45(3)(a)(ii) for the provision of financial assistance by Sekunjalo to two of its wholly-owned subsidiaries, for consideration and adoption by shareholders in terms of section 60 of the Companies Act, such resolutions being required pursuant to the terms of the Pioneer Foods BEE Transaction. Shareholders of the Company are referred to the circular which sets out the action required by them in respect of the circular. The salient dates in respect of the circular are as follows: Circular and annexures thereto posted to Friday, 27 January 2012 shareholders on Record date to determine which Friday, 3 February 2012 shareholders are entitled to vote on the shareholder resolutions in terms of the written consent / written instruction included in the circular Deadline for the exercise of voting rights Friday, 2 March 2012 by shareholders on the shareholder resolutions Shareholders are further advised that a copy of the circular may be obtained from the registered office of Sekunjalo and the Company`s transfer secretaries. A copy of the circular will also be available on Sekunjalo`s website (www.sekunjalo.com). 27 January 2011 Cape Town Sponsor PSG Capital Date: 27/01/2012 16:30:14 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.
