Sharenet Sites 
Sharenet Sites
JDH - John Daniel Holdings Limited - Lazaron rights offer results announcement and opening of general offer JOHN DANIEL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1998/013215/06) Share code: JDH ISIN: ZAE000136677 ("JDH") LAZARON BIOTECHNOLOGIES (SA) LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2004/004630/06) (Lazaron") LAZARON RIGHTS OFFER RESULTS ANNOUNCEMENT AND OPENING OF GENERAL OFFER The board of directors of Lazaron advise shareholders that the non- renounceable, partly underwritten rights offer of up to R4.4 million at the rights offer price of 1 cent per share ("Rights Offer") as detailed in the circular to shareholders on 22 October 2011 was concluded on 20 January 2012. A total of R3 209 539.53 (320 953 953 shares) was raised through the take up of rights as well as through excess applications. JDH, the underwriter, agreed to partially underwrite the Lazaron rights offer to a minimum amount of R1.5 million. JDH held 13 456 408 shares prior to the rights offer and took up 150 000 000 Lazaron rights offer shares in terms of the underwriting agreement. JDH will accordingly hold 44.18% of the issued share capital of Lazaron after the issue of rights offer shares. Shareholders are referred to the joint JDH and Lazaron announcement made on 29 December 2011 which detailed that all the ordinary and special resolutions tabled at the Lazaron general meeting held on 6 December 2011 and relating to the corporate actions detailed in the circular to Lazaron shareholders which was posted on 7 November 2011, were approved by the requisite majority of Lazaron shareholders, potentially excluding the resolution granting a waiver of a mandatory offer by JDH to Lazaron shareholders. The waiver was requested from Lazaron shareholders in the event that JDH trigger a shareholding of equal to or greater than 35% in Lazaron as a result of underwriting the Lazaron rights offer. The Company applied to the Takeover Regulation Panel ("TRP") for a Ruling waiving the requirement to make a mandatory offer and the TRP granted the Ruling. The general offer, whereby JDH will increase its shareholding in Lazaron through the exchange of 5 Lazaron shares for 1 JDH shares opened on Monday, 23 January 2012 and will close on Friday, 9 March 2012. The results of the general offer will be announced on SENS on or about 12 March 2012. Johannesburg 31 January 2012 Sponsor Arcay Moela Sponsor (Pty) Ltd Date: 31/01/2012 17:02:10 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.
