KDV - Kaydav Group Limited - Financial effects relating to the acquisition of a

KDV - Kaydav Group Limited - Financial effects relating to the acquisition of a 
property letting enterprise and withdrawal of cautionary                        
KAYDAV GROUP LIMITED                                                            
Incorporated in the Republic of South Africa                                    
(Registration number 2006/038698/06)                                            
JSE code: KDV & ISIN:ZAE000108940                                               
("KayDav")                                                                      
FINANCIAL EFFECTS RELATING TO THE ACQUISITION OF A PROPERTY LETTING ENTERPRISE  
AND WITHDRAWAL OF CAUTIONARY                                                    
INTRODUCTION                                                                    
Shareholders are referred to the announcement released on SENS on 23 March 2012 
in which it was announced that Kaydav`s wholly owned subsidiary, Sign and Seal  
Trading 154 (Pty) Ltd ("Sign and Seal"), had concluded an agreement for the     
acquisition of a property letting enterprise and related immovable property     
which houses the KayDav head office and Ottery warehouse, situated at the       
remainder of Erf 1301, Ottery, Cape Town, Cape Division, also known as Hi Tech  
Park, Bamboesvlei Road, Ottery, Cape Town (the "acquisition") from I Foster     
Properties CC.                                                                  
The purpose of this announcement is to present the financial effects of the     
acquisition.                                                                    
UNAUDITED PRO FORMA FINANCIAL EFFECTS OF THE ACQUISITION                        
The effect of the acquisition on KayDav`s net asset value per share, net        
tangible asset value per share, earnings per share and headline earnings per    
share is not significant and therefore has not been disclosed.                  
WITHDRAWAL OF CAUTIONARY                                                        
Kaydav shareholders are referred to the cautionary announcement dated 23 March  
2012 and are advised that following the release of the financial effects of the 
acquisition, caution is no longer required to be exercised by shareholders when 
dealing in their shares.                                                        
12 April 2012                                                                   
Sponsor                                                                         
Java Capital                                                                    
Date: 12/04/2012 08:40:50 Supplied by www.sharenet.co.za                     
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