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DORBYL LIMITED - IMPORTANT DATES & TIMES REGARDING THE MANDATORY OFFER

Release Date: 29/11/2012 17:45
Code(s): DLV     PDF:  
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IMPORTANT DATES & TIMES REGARDING THE MANDATORY OFFER

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

IMPORTANT DATES & TIMES REGARDING THE MANDATORY OFFER BY AFRICAN
DUNE INVESTMENTS 311 (PROPRIETARY) LIMITED (“AFRICAN DUNE”)

Shareholders are referred to the announcement on SENS on 16 November
2012 in which shareholders were advised that the circular relating
to the mandatory offer being made by African Dune (“the Mandatory
Offer”) had been posted.

African Dune acquired 41,69% in Dorbyl for a maximum consideration
of R0,65 (sixty five cents) per share and in terms of the Takeover
Regulation Panel they must proceed with a mandatory offer of sixty
five cents as setout in the circular posted to shareholders.

In addition thereto, shareholders are provided with an updated
timetable for participation in the Mandatory Offer set out as
follows:
                                                           2012 / 2013

Mandatory Offer document posted to Dorbyl
minorities on                                          Friday, 16 November

Mandatory Offer opened at 09:00 on                    Monday, 19 November

Last day to trade   in Dorbyl shares in
order to settle by the record date and
to  qualify   to  participate   in  the
Mandatory Offer                                     Wednesday, 19 December

Shares trade   “ex”    the Mandatory Offer           Thursday, 20 December

Record   date    to   determine   which
shareholders are eligible to accept the
Mandatory Offer                                        Friday, 28 December

Mandatory   Offer     closes   provisionally   at
12:00 on                                               Friday, 28 December

Results  of the Mandatory         Offer   to   be
released on SENS on                                    Monday, 31 December

Mandatory Offer consideration credited to
the offer participant’s accounts at his
CSDP or stockbroker (as the case may be)
in cases where the shares surrendered in
terms hereof are held by such CSDP or
stockbroker as nominee for the offer
participant on                                         Monday, 31 December

Results of the     Mandatory     Offer   to   be
published in the press on                          Wednesday, 2 January


Notes:

  1. The above dates and times are subject to amendment by
     African Dune subject to the prior written approval of the
     Takeover Regulation Panel.   Any such amendment will be
     released on SENS and published in the press.
  2. The abovementioned salient dates and times include amendments
     to the salient dates and times as set out in the Mandatory
     Offer circular which was posted to shareholders.
  3. All times indicated above are South African times.


UPDATE ON RECORD DATES RELATING TO THE NOTICE OF ANNUAL GENERAL
MEETING (“Notice of AGM”)

In addition to the above, shareholders are referred to the
announcement on SENS on 19 November 2012 advising shareholders of
the Notice of AGM which was distributed to shareholders together
with the abridged annual financial statements.

Shareholders are advised that date on which shareholders must be
recorded in the share register of the Company for purposes of being
entitled to attend and vote at the AGM is Friday, 1 February 2013,
with the last date to trade being Friday, 25 January 2013.


Johannesburg

29 November 2012

Sponsor to Dorbyl:   PSG Capital Proprietary Limited

Date: 29/11/2012 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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