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DEC - Decillion - Update on the Oakwood Acquisition and Renewal of Detailed Cautionary Announcement Decillion Limited (Registration number: 1998/011692/06) (Incorporated in the Republic of South Africa) JSE code: DEC & ISIN: ZAE000108247 ("Decillion" or "the Company") UPDATE ON THE OAKWOOD ACQUISITION AND RENEWAL OF DETAILED CAUTIONARY ANNOUNCEMENT Following the detailed cautionary announcements on 3 August 2011 and 16 September 2011, renewal of cautionary announcements on 28 October 2011, 13 December 2011 and 27 January 2012 and detailed cautionary announcement on 13 March 2012 regarding the acquisition agreements to acquire 100% of the shares and claims in Ardor Property Holdings, Lashka and Oakwood, the board of directors wish to provide an update on the Oakwood acquisition as detailed below. All other transactions remain the same as previously announced. OAKWOOD ACQUISITION An amendment to the Oakwood acquisition agreement was made, which amendment related to the purchasing of the Oakwood property from Oakwood as opposed to the purchase of the company from the Oakwood vendors which housed the property. The effective consideration remains the same as announced on 13 March 2012. PRO FORMA FINANCIAL EFFECTS OF THE TRANSACTIONS The Company is in the process of finalising their audited results for the year ended 31 July 2011 as well as their interim results for the period ended 31 January 2012, which will be published on SENS and in the press within the next week. Accordingly, the pro forma financial effects, which finalisation is subject to the completion and publication of the above-mentioned results of the Company, will be announced shortly after the results for 31 January 2012 are published. DOCUMENTATION AND SALIENT DATES A circular to shareholders detailing the terms of the acquisitions, the capitalisation of related party loans, specific issue of shares for cash, reverse takeover, and other associated transactions, incorporating revised listing particulars has been submitted to the JSE and will be finalised once the pro forma financial effects and reviewed results become available. Salient dates shall also be announced in due course. RENEWAL OF CAUTIONARY ANNOUNCEMENT Since the property portfolio information and pro forma financial effects of the above-mentioned acquisitions, specific issue of shares for cash and associated transactions have not yet been published, shareholders are advised to continue exercising caution when dealing in the Company`s securities until a full announcement is made. JOHANNESBURG 7 May 2012 SPONSOR Arcay Moela Sponsors (Proprietary) Limited Date: 07/05/2012 16:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
