Notice of Acquisition Offer by Lion Match to Preference Shareholders in terms of Section 124 BEIGE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/006871/06) (“Beige” or “the company”) ISIN Code: 000154787 Share code: BEGP2 NOTICE OF ACQUISITION OFFER BY THE LION MATCH COMPANY (PTY) LTD (“LION MATCH”) TO ALL REMAINING PREFERENCE SHAREHOLDERS OF BEIGE IN TERMS OF SECTION 124 OF THE COMPANIES ACT NO. 71 OF 2008 (“THE ACT”) 1. NOTIFICATION IN TERMS OF SECTION 124 OF THE COMPANIES ACT, 2008 Preference shareholders are referred to the announcement of the results of the revised Acquisition Offer (“the offer”) made by Lion Match to all Beige preference shareholders dated 18 June 2012 in terms of which Lion Match announced that it had acquired and holds 23 738 484 preference shares being 94.95% of the issued preference share capital in Beige following its mandatory offer in respect of which the closure date was 15 June 2012. As a result of these acquisitions of preference shares in Beige, Lion Match holds more than 90% of the preference share capital and has accordingly elected to exercise the provisions of section 124 of the Companies Act, 2008 (“the Act”) to compulsorily acquire, on the same terms and conditions contained in the offer circular dated 19 March 2012 and the revised offer circular dated 18 May 2012 (“the offer circulars”), the remaining preference shares which it does not already own. In this regard, a section 124 notice was posted to all preference shareholders on 15 August 2012. 2. SUSPENSION AND TERMINATION OF LISTING OF THE PREFERENCE SHARES ON THE JSE LIMITED (“JSE”) The listing of the preference shares was suspended on the JSE with effect from the commencement of trade on the JSE on Wednesday, 19 September 2012 and will be terminated with effect from the commencement of trade on the JSE on Tuesday 2 October 2012, unless an application is made to the High Court of South Africa (“the Court”) to prevent the compulsory acquisition of the remaining preference shares in terms of section 124(2) of the Act and the Court orders that Lion Match shall not be entitled to invoke the compulsory acquisition of the remaining preference shares or the Court imposes conditions or terms which are different from those in the offer circulars. 3. SALIENT DATES AND TIMES Notice given in terms of section 124 of the Wednesday, 15 August 2012 Companies Act Listing of Beige preference shares suspended on the Wednesday, 19 September 2012 JSE with effect from the commencement of trade on Offer consideration record date on which Beige Friday, 28 September 2012 preference shareholders must have been recorded in the share register in order to participate in the offer Last day to apply to Court in terms of section 124(2) Thursday, 27 September 2012 of the Companies Act Compulsory acquisition of the BEGP2 shares held Tuesday, 2 October 2012 by the remaining BEGP2 shareholders who have not accepted the offer contained in the offer circulars will be implemented, in accordance with section 124(5) of the Companies Act and the JSE settlement procedures on the commencement of business on Date of payment of the offer consideration to Beige Tuesday, 2 October 2012 if no order has been made in terms of section 124(2) of the Companies Act Termination of listing of BEGP2 on the JSE Wednesday, 3 October 2012 4. ACTION TO BE TAKEN BY BEIGE PREFERENCE SHAREHOLDERS Beige preference shareholders are requested to follow the procedures for the acceptance of the offer as contained in paragraphs 3 and B of the circulars. 5. RESPONSIBILITY STATEMENT Lion Match and Beige accept responsibility for the information contained in this announcement. To the best of their respective knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the import of this information. Johannesburg 21 September 2012 Designated Advisor Arcay Moela Sponsors (Pty) Ltd Date: 21/09/2012 05:05:00 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.