FCPD - Foord Compass Limited - Results of Annual General Meeting of

FCPD - Foord Compass Limited - Results of Annual General Meeting of             
debenture holders                                                               
FOORD COMPASS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003591/06)                                            
ISIN: ZAE000054466                                                              
JSE code: FCPD                                                                  
("Foord Compass" or "the company")                                              
RESULTS OF ANNUAL GENERAL MEETING OF DEBENTURE HOLDERS                          
The board of directors advise that at the Annual General Meeting of Foord       
Compass, held at 7 Forest Mews, Forest Drive, Pinelands today, the special      
resolution proposed at the meeting was duly passed by the requisite majority    
of votes.                                                                       
The board of directors released the following statement to debenture holders    
at the meeting:                                                                 
Debenture holders are referred to the company`s SENS announcement released      
on 4 April 2012 disclosing a net attributable asset value per debenture         
("NAAV") of 808.1 cents as at 31 March 2012. That statement noted that the      
debenture NAAV had increased by 7.8% during the first quarter of 2012.          
The most recent effective asset allocation of the portfolio is as follows       
(31 December 2011 reflected as comparative information):                        
         Domestic               Foreign                Total                    
         Current     31.12.2011 Current    31.12.2011  Current    31.12.2011    
Equities  44%         63%        16%        22%         60%        85%          
Listed    1%          6%         0%         0%          1%         6%           
property                                                                        
Governmen -34%        -34%       -10%       -11%        -44%       -45%         
t bonds                                                                         
Corporate 7%          8%         17%        16%         24%        24%          
debt                                                                            
Commoditi 0%          0%         3%         3%          3%         3%           
es                                                                              
Effective 32%         7%         24%        20%         56%        27%          
cash                                                                            
         50%         50%        50%        50%         100%       100%          
The effective exposure to equities is lower as a result of sales of selected    
equity counters with the consequent increase in the effective cash position.    
The listed property holdings were reduced on profit taking during the           
quarter.                                                                        
The lower net equity exposure is a short-term tactical measure as equities      
remain the asset class of choice. The portfolio retains substantial upside      
optionality through index linked call options on the South African equity       
market. The net exposure to physical shares amounts to approximately 39% of     
portfolio across the domestic and foreign portfolios.                           
Further information will be released in July with the publication of the        
company`s Interim Financial Statements in respect of the six months ending      
30 June 2012.                                                                   
Cape Town                                                                       
19 April 2012                                                                   
Sponsor                                                                         
One Capital                                                                     
Date: 19/04/2012 13:40:01 Supplied by www.sharenet.co.za                     
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