BFS - Blue - Renewal of cautionary announcement

BFS - Blue - Renewal of cautionary announcement                                 
BLUE FINANCIAL SERVICES LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration Number:  1996/006595/06)                                          
JSE Code:  BFS                                                                  
ISIN:  ZAE000083655                                                             
("Blue" or "the Company")                                                       
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Blue shareholders are referred to the cautionary announcement released on the   
Securities Exchange news Service of the JSE Limited on 9 March 2012 in which    
shareholders were advised that Blue had entered into negotiations with existing 
funders regarding a potential debt to equity conversion, pursuant to the Debt   
Rescheduling Agreement concluded by Blue in December 2010 and as part of the    
ongoing restructuring of the Company`s balance sheet.                           
Shareholders are further advised that the negotiations have reached an advanced 
stage and shareholders should therefore continue to exercise caution when       
dealing in the Company`s securities until the full announcement is made.        
Johannesburg                                                                    
11 May 2012                                                                     
Designated Adviser                                                              
Grindrod Bank Limited                                                           
Date: 11/05/2012 16:00:02 Supplied by www.sharenet.co.za                     
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