ISA - ISA Holdings Limited - Acquisition of office building in Woodmead,

ISA - ISA Holdings Limited - Acquisition of office building in Woodmead,        
Johannesburg                                                                    
ISA HOLDINGS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/009608/06)                                            
JSE Share code: ISA   ISIN: ZAE000067344                                        
("ISA" or "the company" or "the group")                                         
ACQUISITION OF OFFICE BUILDING IN WOODMEAD, JOHANNESBURG                        
1.   INTRODUCTION                                                               
    Shareholders are advised that Information Security Architects MSS           
    (Proprietary) Limited ("ISAmss"), a wholly owned subsidiary of ISA, has     
entered into an Agreement with Barrow Properties (Proprietary) Limited      
    ("Barrow") ("the acquisition"), for the acquisition of Portion 5 of Erf     
    879, Woodmead, Ext 33 ("the property") for a purchase price of R10 450      
    000 (excluding Value Added Tax) ("VAT").                                    
2.   RATIONALE FOR THE ACQUISITION                                              
    The acquisition of the property is to accommodate the operations of the     
    group.                                                                      
3.   TERMS AND CONDITIONS OF THE ACQUISITION                                    
3.1  On 9 February 2012 ("the signature date"), ISAmss entered into an      
         Agreement for the acquisition of Portion 5 of Erf 879, Woodmead,       
         Ext 33, known as Building 9, situated at Pinewood Office Park,         
         Riley Road with Barrow. The office building is 825 metres squared.     
3.2  The purchase price payable for the property is the aggregate of R      
         10 450 000 plus VAT, equating to R11 913 000.                          
    3.3  The purchase price will be secured by the delivery of a bank           
         guarantee within 30 days of signature date and will be paid out of     
current cash reserves.                                                 
    3.4  Occupation is anticipated to take place on 1 May 2012.                 
4.   UNAUDITED PRO FORMA FINANCIAL EFFECTS OF THE ACQUISITION                   
    The pro forma financial effects are below 3% and are therefore              
considered insignificant.                                                   
5.   CATEGORISATION OF THE ACQUISITION                                          
    This is a Category 2 transaction in terms of the JSE Limited`s Listings     
    Requirements.                                                               
13 February 2012                                                                
Johannesburg                                                                    
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 13/02/2012 14:58:01 Supplied by www.sharenet.co.za                     
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