BEG/BEGP2 - Beige Holdings Limited - Extension of the closing date of the

BEG/BEGP2 - Beige Holdings Limited - Extension of the closing date of the       
mandatory offers by Lion Match to the ordinary and preference shareholders of   
Beige                                                                           
BEIGE HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/006871/06)                                            
("Beige" or "the Company")                                                      
ISIN Code: ZAE000034161        Share code: BEG                                  
ISIN Code: ZAE000154787        Share code: BEGP2                                
THE LION MATCH COMPANY (PROPRIETARY) LIMITED                                    
REGISTRATION NUMBER: 1998/008912/07                                             
("Lion Match")                                                                  
EXTENSION OF THE CLOSING DATE OF THE MANDATORY OFFERS BY LION MATCH TO THE      
ORDINARY AND PREFERENCE SHAREHOLDERS OF BEIGE                                   
Shareholders are referred to the Terms of Mandatory Offer announcement released 
by Lion Match on SENS on 19 March 2012, the Lion Match offer circular posted on 
19 March 2012 and the Beige Independent Board response circular posted on 18    
April 2012, which documents detailed the salient dates in respect of the        
mandatory offer of R0.08 made by Lion Match to the ordinary shareholders of     
Beige and the mandatory comparable offer of R1.28 made to the preference        
shareholders of Beige ("the mandatory offers").                                 
Shareholders are advised that as a result of the hearing by the Takeover Special
Committee ("TSC") regarding the appeal to the ruling by the Executive Director  
of the Takeover Regulation Panel ("TRP") on the non-comparability of the        
preference share offer ("the hearing") having been postponed to 18 May 2012, an 
agreement has been reached between Beige and Lion Match to extend the closing   
date of the mandatory offers to a date to be determined pending the hearing.    
The revised salient dates of the mandatory offers will be announced on SENS in  
due course.  All other terms and conditions of the mandatory offer remain       
unaffected.                                                                     
Johannesburg                                                                    
4 May 2012                                                                      
Designated Advisor                                                              
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 04/05/2012 09:50:01 Supplied by www.sharenet.co.za                     
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