Cautionary announcement relating to the introduction of a new BEE shareholder ESORFRANKI LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/000732/06) JSE code: ESR ISIN: ZAE000133369 (Esorfranki or the company) CAUTIONARY ANNOUNCEMENT RELATING TO THE INTRODUCTION OF A NEW BEE SHAREHOLDER Shareholders are advised that Esorfranki has received an expression of interest from a BEE Investment Consortium, which is subject to suspensive conditions, relating to the acquisition via the subscription and purchase by that BEE Investment Consortium of 118 million Esorfranki ordinary shares. It is proposed that: * 54 million Esorfranki ordinary shares will be subscribed for in terms of a specific issue of shares for cash at a subscription price of R1.50 each; and * 64 million Esorfranki ordinary shares will be acquired in the form of an open process that will allow all current Esorfranki shareholders to tender their Esorfranki ordinary shares for sale at R1.50 per share. In the event of more than 64 million Esorfranki ordinary shares being tendered, a pro-rata apportionment will take place. Shareholders are advised to exercise caution when dealing in their Esorfranki ordinary shares until a formal agreement is signed in this regard and a further announcement is made. Germiston 23 August 2012 Sponsor Vunani Corporate Finance Date: 23/08/2012 12:15:00 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.