AND - Andulela Investment Holdings Limited - Termination of the GIBB Steel

AND - Andulela Investment Holdings Limited - Termination of the GIBB Steel      
(Pty) Limited ("GIBB Steel") transaction                                        
ANDULELA INVESTMENT HOLDINGS LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1950/037061/06)                                           
JSE code: AND                                                                   
ISIN: ZAE000125894                                                              
("Andulela" or "the company")                                                   
TERMINATION OF THE GIBB STEEL (PTY) LIMITED ("GIBB STEEL") TRANSACTION          
Shareholders are referred to the announcements, dated 1 February 2011, 18       
March 2011 and 22 June 2011 advising of the agreement entered into between      
Andulela and GIBB Steel in terms of which Andulela will acquire the business,   
including the assets and liabilities, of GIBB Steel indivisibly as a going      
concern.                                                                        
The company advises shareholders that all the suspensive conditions have not    
been fulfilled and that the transaction has been terminated by mutual           
agreement between the parties.                                                  
Johannesburg                                                                    
31 May 2012                                                                     
Corporate adviser and transaction sponsor                                       
Vunani Corporate Finance                                                        
Sponsor                                                                         
Java Capital                                                                    
Attorneys                                                                       
Glyn Marais Incorporated                                                        
Date: 31/05/2012 11:13:01 Supplied by www.sharenet.co.za                     
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