BDM - Buildmax Limited - Fairness opinion and withdrawal of cautionary

BDM - Buildmax Limited - Fairness opinion and withdrawal of cautionary          
announcement                                                                    
BUILDMAX LIMITED                                                                
Incorporated in the Republic of South Africa                                    
(Registration No. 1995/012209/06)                                               
Share Code: BDM                                                                 
ISIN Code: ZAE000011250                                                         
("Buildmax" or "the Group")                                                     
FAIRNESS OPINION AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                      
Further to the announcements dated 2 February 2012 and 15 March 2012 in which   
Buildmax shareholders were advised of the disposal of a wholly-owned subsidiary,
Columbia DBL(Proprietary) Limited ("the Proposed Disposal"), shareholders are   
advised that in terms of paragraph 10.7 of the JSE Limited Listings             
Requirements, the Board of Directors of Buildmax obtained confirmation from     
QuestCo (Pty) Limited as the appointed independent professional expert that the 
terms of the Proposed Disposal are fair to Buildmax shareholders ("the Fairness 
Opinion"), which Fairness Opinion will lie open for inspection at Buildmax`s    
registered office at 514 Pretoria Road, Fairleads, Benoni for 28 days from the  
date of this announcement. Buildmax shareholders are therefore advised that     
caution is no longer required to be exercised when dealing in their securities. 
20 March 2012                                                                   
Sponsor                                                                         
QuestCo (Pty) Limited                                                           
Date: 20/03/2012 17:34:01 Supplied by www.sharenet.co.za                     
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