Sharenet Sites 
Sharenet Sites
Specific issue of shares for cash, share consolidation and odd-lot offer
ALERT STEEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET
ISIN: ZAE000092847
(“Alert Steel” or “the company”)
NEWS RELEASE
ALERT STEEL TO IMPLEMENT FURTHER RESTRUCTURING MEASURES
Pretoria, 2 October 2012 – AltX-listed steel retailer Alert Steel announced today that it
intends to early-settle nearly R25 million owed to its biggest shareholder Capital Africa Steel
as part of its ongoing restructuring programme.
The loan arose as a result of the acquisition of Alert Steel Northwest from Capital Africa
Steel in September 2011 and will be settled by way of an issue of ordinary shares at a
subscription price of 2.8 cents per share. Johan du Toit, Alert Steel chief executive, said the
early settlement would result in a significant interest saving for the company while
strengthening its balance sheet. Following the early settlement, Alert Steel’s banker,
Nedbank, will convert a further portion of the indebtedness of the Alert Steel group to
Nedbank into shares, also at a subscription price of 2.8 cents per share. The amount to be
converted by Nedbank will be the lower of R6 million and such amount as will, subsequent to
such conversion, result in Nedbank holding not more than 19.9% of the shares in the
company.
Additionally, the company said that it wanted to consolidate every 100 Alert Steel shares into
one share in a move that will reduce the authorised share capital of the company from
10 billion to 100 million shares. It is also proposing an odd-lot offer to shareholders holding
less than 100 shares, after the share consolidation, by way of a specific repurchase. Both
proposals are intended to reduce administration costs of the company.
A circular detailing these further restructuring measures, which are subject to shareholder
approval, was posted to shareholders today.
For further information call Johan du Toit, CEO Alert Steel, on 082 416 8888
Issued by du Plessis Associates on behalf of Alert Steel Holdings Limited.
dPA contact Helen McKane Tel : +27 11 728 4701, Fax: +27 11 728 2547,
Mobile: 082 330 2034 or e-mail: alertsteel@dpapr.com
website: www.alertsteel.co.za
Date: 03/10/2012 04:56:00 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.
