Sharenet Sites 
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TBX - Thabex Limited - Update to shareholders Thabex Limited Incorporated in the Republic of South Africa (Registration number 1988/000763/06) Share code: TBX ISIN: ZAE000013686 ("Thabex" or "the Company") Young Lions Exploring Africa UPDATE TO SHAREHOLDERS Shareholders are referred to the announcements relating to the Company`s interim results for the period ended 30 August 2011 released on SENS on 9 December 2011 and the update to shareholders released on SENS on 30 April 2012. Due to the continued uncertainty relating to several High Court cases in Lesotho and in the North Gauteng High Court, Thabex has to date not been able to successfully conclude an underwriting agreement for the proposed R10 million rights offer. Thabex has been informed by the JSE that the Company`s listing will be terminated, in terms of Section 3.25 of the JSE Listings Requirements, should Thabex have another disclaimer on its financial statements for the year ended 29 February 2012. In order to ensure that a disclaimer is not issued by the Company`s auditors and due to the delays in securing an underwriting agreement, the Company`s provisional results for the year ended 29 February 2012 will be published in due course, when an underwriting agreement has been secured. Johannesburg 28 May 2012 Sponsor Merchantec Capital Date: 28/05/2012 17:05:01 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.
