AND - Andulela Investment Holdings Limited - Redemption of non-listed

AND - Andulela Investment Holdings Limited - Redemption of non-listed           
redeemable preference shares                                                    
ANDULELA INVESTMENT HOLDINGS LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1950/037061/06)                                           
Share code: AND   ISIN code: ZAE000125894                                       
("Andulela" or "the Company")                                                   
REDEMPTION OF NON-LISTED REDEEMABLE PREFERENCE SHARES                           
Shareholders are referred to the circular and notice of general meeting to      
shareholders of Andulela (formerly DNR Capital) issued on 1 September 2008      
pursuant to which shareholders by special resolution approved the creation      
and issue of 75 million R0.01 par value non-listed redeemable preference        
shares (the "preference shares").                                               
On Friday, 10 February 2012 the holder of the preference shares and the         
Company agreed that the preference shares shall be redeemable on an orderly     
basis over an extended 5 (five) year period for a redemption amount of R1       
250 000 per month payable on the last day of each calendar month, such          
redemption payments being subject to the Company`s cash flow requirements       
as well as the Company`s ability to satisfy the solvency and liquidity test     
as set out in the Companies Act, 2008.                                          
14 February 2012                                                                
Sponsor                                                                         
Java Capital                                                                    
Date: 14/02/2012 17:29:02 Supplied by www.sharenet.co.za                     
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