BIK - Brikor Limited - Lapse of the sale of Olifantsfontein Property and

BIK - Brikor Limited - Lapse of the sale of Olifantsfontein Property and        
withdrawal of cautionary announcement                                           
Brikor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1998/013247/06)                                           
(Share Code: BIK ISIN Code: ZAE000101945)                                       
("Brikor" or "the Company")                                                     


                                                                                
LAPSE OF THE SALE OF OLIFANTSFONTEIN PROPERTY AND WITHDRAWAL OF CAUTIONARY      
ANNOUNCEMENT                                                                    
1.   INTRODUCTION                                                               
                                                                                
Shareholders are referred to the SENS announcement released on 14 October 2011  
where shareholders were informed that Brikor has entered into a Sale of         
Immovable Property Agreement on 11 October 2011, for the sale of Portion 5 and  
Portion 26 (Portions of portion 15) of erf 1250, Clayville Extension 14 Township
and Erven 390, 391 and 392, Clayville Extension 3 Township.                     
The condition precedent to the Sale of Immovable Property Agreement was not met 
and therefore the agreement has lapsed.                                         
2.   WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                      
Shareholders are referred to the cautionary announcements dated 12 January 2012,
28 November 2011 and 14 October 2011 and are advised that as the Sale of        
Immovable Property Agreement has lapsed, caution is no longer required to be    
exercised by shareholders when dealing in their Brikor securities.              
Nigel                                                                           
15 March 2012                                                                   
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 15/03/2012 15:37:01 Supplied by www.sharenet.co.za                     
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