CPN - Capricorn Investment Holdings Limited - Postponement of Dates for the

CPN - Capricorn Investment Holdings Limited - Postponement of Dates for the     
Specific Share Issue                                                            
CAPRICORN INVESTMENT HOLDINGS LIMITED                                           
(formerly Cenmag Holdings Limited)                                              
(Registration Number 1987/004821/06)                                            
("Capricorn" or "the Company")                                                  
Share code: CPN     ISIN: ZAE000149951                                          
POSTPONEMENT OF DATES FOR THE SPECIFIC SHARE ISSUE                              
Shareholders are referred to the general meeting results announcement which was 
published on SENS on 30 April 2012 and are advised that the special resolution  
approving the Specific Share Issue of 210 526 316 new no par value shares at an 
issue price of R0.19 per share for part settlement of the acquisition of Western
Utilities Corporation (Proprietary) Limited ("WUC"), and the raising of capital.
and the specific issue of 2 982 908 new no par value shares in lieu of fees at  
an issue price of R0.19 per share were approved by the requisite majority of    
shareholders.                                                                   
However, certain conditions precedent to the finalisation of the Specific Share 
Issues remain outstanding.                                                      
The remaining conditions precedent relate to the finalisation of the Acquisition
of WUC, which acquisition was detailed in a SENS announcement made on 28 March  
2012 and detailed in the circular dated 2 April 2012.                           
Shareholders are advised that the dates contained in the circular dated 2 April 
2012 relating to the Specific Share Issue will be amended, and these amendments 
will be communicated to shareholders once the conditions precedent have been    
confirmed as being fulfilled.                                                   
For and on behalf of the board                                                  
4 May 2012                                                                      
Johannesburg                                                                    
Sponsor                         Corporate Advisor                               
Arcay Moela Sponsors            AfrAsia Corporate Finance                       
(Proprietary) Limited           (Proprietary) Limited                           
Date: 04/05/2012 10:45:01 Supplied by www.sharenet.co.za                     
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