TBX - Thabex - Update to Shareholders

TBX - Thabex - Update to Shareholders                                           
Thabex Limited                                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1988/000763/06)                                            
Share code: TBX   ISIN: ZAE000013686                                            
("Thabex" or "the Company")                                                     
Young Lions Exploring Africa                                                    
UPDATE TO SHAREHOLDERS                                                          
Angel Diamonds Proprietary Limited ("Angel Diamonds") (in liquidation)          
Shareholders are referred to the announcement released on SENS on 17 January    
2012 relating to the second provisional liquidation application against Angel   
Diamonds, Case Number CIV/PET/01/2011, which was heard in the High Court of     
Lesotho on 30 March 2012 and judgement of which was reserved until 1 November   
2012.                                                                           
The appeal against the discharge of the first liquidation application of Angel  
Diamonds, Case Number C OF A (CIV) 28/2011 (CCA/8/2010), will be heard in the   
Appeal Court of Lesotho on 16 April 2012.                                       
Johannesburg                                                                    
2 April 2012                                                                    
Sponsor                                                                         
Merchantec Capital                                                              
Date: 02/04/2012 14:48:27 Supplied by www.sharenet.co.za                     
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