TMT - Trematon Capital Investments Limited - Joint announcement relating to the

TMT - Trematon Capital Investments Limited - Joint announcement relating to the 
results of Scheme Meeting of Club Mykonos Langebaan Limited                     
TREMATON CAPITAL INVESTMENTS LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008691/06)                                            
("Trematon")                                                                    
CLUB MYKONOS LANGEBAAN LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1954/002223/06)                                            
("CML")                                                                         
TREMGROWTH (PROPRIETARY) LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/020527/07)                                            
("Tremgrowth")                                                                  
JOINT ANNOUNCEMENT RELATING TO THE RESULTS OF SCHEME MEETING OF CLUB MYKONOS    
LANGEBAAN LIMITED                                                               
Shareholders are referred to the joint announcement as published in SENS on 19  
March 2012 and in the press on 20 March 2012, and to the circular issued to CML 
shareholders on 10 April 2012 ("the Circular"), detailing the Scheme of         
Arrangement ("the Scheme") in terms of section 114(1) of the Companies Act No 71
of 2008 ("the Companies Act"), which has been proposed by the CML Board between 
CML and its shareholders (save for Tremgrowth) ("the Scheme Members").  The     
Scheme, if implemented, will result in Tremgrowth acquiring the entire issued   
share capital of CML.  Scheme Members currently hold 2 763 548 CML shares       
(constituting 7.8% of the entire issued share capital of CML, the balance of    
such issued share capital being held by Tremgrowth) ("Scheme Shares").  The     
consideration for the Scheme Shares is either a cash consideration of R3.00 for 
each Scheme Share or 2 Trematon shares for each Scheme Share duly disposed of.  
Scheme Members are reminded of the times and dates in the Circular for making an
election as to the form of such consideration failing which the said cash       
consideration will automatically apply.  Shareholders are hereby advised that   
the Scheme was approved by the requisite majority of shareholders (the relevant 
special resolution being approved by 97.91% of the voting rights exercised by   
Scheme Members thereon) present and voting, in person or by proxy, at the       
meeting of Scheme Members held on 7 May 2012.  Shareholders are further advised 
that one dissenting shareholder holding 25 048 CML shares (representing 0,07% of
the total issued share capital of CML and 0.91% of the total issued share       
capital held by Scheme Members) notified CML prior to the Scheme Meeting that it
objects to the special resolution to approve the Scheme.  Accordingly such      
shareholder is entitled (but not obliged) to exercise any rights in terms of    
section 164 of the Companies Act (details whereof are contained in the          
Circular).  Shareholders should note that the implementation of the Scheme      
remains conditional upon the fulfilment of certain conditions precedent by no   
later than 18 May 2012 (or any agreed extension thereof) as detailed in the     
Circular. Further announcements regarding same will be released on SENS and     
published in the press in due course.                                           
For and on behalf of the Board of CML.                                          
Attorneys to the Scheme                                                         
BERNADT - VUKIC - POTASH & GETZ ATTORNEYS                                       
Independent adviser to CML                                                      
PKF                                                                             
Chartered accountants & business advisors                                       
Sponsor to Trematon                                                             
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Cape Town                                                                       
09 May 2012                                                                     
Date: 09/05/2012 07:05:02 Supplied by www.sharenet.co.za                     
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