ISB - Insimbi Refractory and Alloy Supplies Limited - Closed period share

ISB - Insimbi Refractory and Alloy Supplies Limited - Closed period share       
repurchase programme                                                            
Insimbi Refractory and Alloy Supplies Limited                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2002/029821/06)                                           
Share code: ISB ISIN: ZAE000116828                                              
("Insimbi" or "the Company")                                                    
CLOSED PERIOD SHARE REPURCHASE PROGRAMME                                        
Shareholders are hereby advised that Insimbi has, via its subsidiary company,   
granted in terms of a new mandate for the repurchase of its ordinary shares     
during its closed period.This period commences on 1 March 2012 and terminates on
or about 31 May 2012 when the Company is scheduled to publish its year end      
results. The maximum number of shares that may be repurchased during the closed 
period share repurchase programme will be 5 000 000 shares. The agreement has   
been entered into with a single agent who has full discretion in executing the  
Repurchase Programme. Any purchases will be affected within certain pre-set     
parameters within the limits of the JSE Listing Requirements.                   
Johannesburg                                                                    
29 February 2012                                                                
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 29/02/2012 12:00:01 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.