BELL EQUIPMENT LIMITED - Clarification Statement

Clarification Statement

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL

CLARIFICATION STATEMENT

The board of Bell Equipment Limited has learnt of the statement made
by one of its members in an interview with Moneyweb, which impugned
the conduct and ethics of John Deere Construction and Forestry
Company, in circumstances where that member had no facts to
legitimately support making that statement. The board was not aware
that one of its members intended to make the statement in the
Moneyweb interview, nor did the board in any way authorize the
director concerned to make any such statement.

Richards Bay
24 August 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Limited)




2887/08/2012

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