GIJ - Gijima Group Limited - ABSA contract

GIJ - Gijima Group Limited - ABSA contract                                      
GIJIMA GROUP LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Registration number 1998/021790/06                                              
Share code: GIJ                                                                 
ISIN:  ZAE000147443                                                             
("Gijima" or "the Company")                                                     
ABSA CONTRACT                                                                   
The Company has rendered several outsource services to Absa Bank Limited        
("Absa") for the past 10 years and has delivered in accordance with the relevant
contracts. A portion (approximately 50%) of the desktop services contract with  
Absa is being insourced to Absa. The Company will continue delivering services  
on the remainder of this contract. Of the 200 plus Gijima employees specifically
dedicated to working on this contract, a significant number of them will go     
through a Section 197 process in terms of the Labour Relations Act that will see
them transferred to Absa, as permanent employees of Absa.                       
Gijima will continue working with Absa and we look forward to tendering for new 
business with Absa.                                                             
Samrand                                                                         
05 March 2012                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 05/03/2012 10:26:01 Supplied by www.sharenet.co.za                     
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