DORBYL LIMITED - Posting of mandatory offer circular by african dune investements 311 (proprietary) limited (african dune)

Posting of mandatory offer circular by african dune investements 311 (proprietary) limited (“african dune”)

Dorbyl Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1911/001510/06
Share Code: DLV ISIN: ZAE000002184
("Company" or "Dorbyl")

POSTING OF MANDATORY OFFER CIRCULAR BY AFRICAN DUNE INVESTMENTS
311 (PROPRIETARY) LIMITED (“AFRICAN DUNE”)

Shareholders are referred to the announcement on SENS on 21
September 2012 insofar the mandatory offer being made by African
Dune and are hereby advised that the circular in respect thereof
was posted to shareholders today.

The Company will in due course distribute its response circular
of which shareholders will be duly informed.

Johannesburg

16 November 2012

Transaction advisor   and   sponsor   to   Dorbyl:   PSG   Capital
Proprietary Limited

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