REI - Reinet Investments S.C.A. Depositary Receipts - Reinet extraordinary

REI - Reinet Investments S.C.A. Depositary Receipts - Reinet extraordinary      
General Meeting of shareholders approves new investment guidelines              
Reinet Investments S.C.A. Depositary Receipts                                   
issued by Reinet Securities SA                                                  
(Incorporated in Switzerland)                                                   
ISIN: CH0045793657                                                              
Depositary Receipt Code: REI                                                    
COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE                                      
REINET EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS                            
APPROVES NEW INVESTMENT GUIDELINES                                              
An Extraordinary General Meeting (the "EGM") of Reinet Investments S.C.A. (the  
"Company") was held in Luxembourg today to seek shareholder approval for an     
amendment to the investment guidelines of the Company and of its wholly-owned   
subsidiary Reinet Fund S.C.A., F.I.S. ("Reinet Fund"), as set out in the        
prospectus issued in 2008.                                                      
The amendment would vary the risk diversification policy of the Company and     
Reinet Fund, to permit equity participations in any one investment to exceed the
30 per cent guideline until such time Reinet Fund may gradually diversify its   
portfolio, taking into account prevailing market conditions.                    
At the EGM, a total of 139 543 824 ordinary shares (or 71.22%) and all the 1 000
management shares were represented by proxy out of a total of 195 941 286       
ordinary shares and 1 000 management shares in issue.                           
The shareholders approved the amendment of the investment guidelines of the     
Company and of its wholly-owned subsidiary, Reinet Fund.                        
Commenting on the positive outcome of the meeting, Mr Josua Malherbe, who acted 
as the Chairman of the EGM, said:                                               
Quote                                                                           
The decision not to reduce our shareholding in British American Tobacco p.l.c.  
("BAT shares") over the last three years has been a conscious one. As managers  
we have over the period evaluated the various options available to us and we    
believe our decision added substantial value for the Company`s shareholders. We 
further believe that in these difficult times it would be wrong to dispose of   
such an excellent investment purely because of an arbitrary time constraint.    
We are pleased that the shareholders support our decision. We have also in the  
last two weeks used Reinet`s substantial holding of BAT shares as security for a
prudent level of borrowing to finance other investment opportunities. We will   
continue to evaluate the various options available to us and will choose the    
ones we believe will add most value to shareholders.                            
Unquote                                                                         
Reinet Investments Manager S.A.                                                 
for and on behalf of Reinet Investments S.C.A.                                  
Reinet Investments S.C.A. is a partnership limited by shares incorporated in the
Grand Duchy of Luxembourg and having its registered office at 35 boulevard      
Prince Henri, L-1724 Luxembourg.  It is governed by the Luxembourg law on       
securitisation and in this capacity allows its shareholders to participate      
indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet
Fund S.C.A. F.I.S., a specialised investment fund also incorporated in          
Luxembourg. Reinet Investments shares are listed on the Luxembourg Stock        
Exchange, Reinet Investments` primary listing, and Reinet Investments South     
African Depository Receipts issued by Reinet Securities S.A., are listed in     
Johannesburg, Reinet Investments` secondary listing.  Reinet Investments shares 
are included in the `LuxX` index of the principal shares traded on the          
Luxembourg exchange and the Reinet Investments South African Depositary Receipts
issued by Reinet Securities S.A., are included in the JSE `Top 40` Share Index. 
Registered office: 35, Boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22
42 10, Fax (+352) 22 72 53, email: info@reinet.com, www.reinet.com              
5 MARCH 2012                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 05/03/2012 16:00:04 Supplied by www.sharenet.co.za                     
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