John Daniel Holdings Ltd - CAUTIONARY ANNOUNCEMENT

JOHN DANIEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: JDH - ISIN: ZAE000136677
("the Company" or "JDH" or "the Group

CAUTIONARY ANNOUNCEMENT



Shareholders are advised that JDH has entered into negotiations

with Escalator Capital Limited (Escalator Capital) and

Escalator Capital Global Limited, the holding company and

majority shareholder of Escalator Capital with the intention of

acquiring some or all of the equity and /or assets of Escalator

Capital. Escalator Capital is the controlling shareholder of

JDH. If negotiations are successfully concluded, they may have a

material effect on the price of the Companys securities.


Furthermore, the successful acquisition of some or all of

Escalator Capitals equity and/or assets could result in a

reverse takeover or alternatively a Category 1 acquisition as

defined in the Listings Requirements and will require

shareholder approval in General Meeting. A reverse takeover

would require, inter alia, JSE approval for the continued
listing of the Companys securities.


Shareholders are accordingly advised to exercise caution in 

dealing in their securities until a further announcement is
made.



Johannesburg
12 July 2012

Sponsor
Arcay Moela Sponsor (Proprietary) Limited

Date: 12/07/2012 08:10:00 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.