ALERT STEEL HOLDINGS LIMITED - Further Cautionary Announcement

Further Cautionary Announcement

Alert Steel Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2003/005144/06)
(Share Code: AET ISIN Code: ZAE000092847)
("Alert" or "the Company")


FURTHER CAUTIONARY ANNOUNCEMENT



Shareholders are referred to the urgent and cautionary announcements made by the Company on
Monday, 4 February 2013, that the Company’s banker, Nedbank Limited, has assigned its rights and
obligations (“the transactions”) in terms of its loan facility and various loan agreements with the Company,
to AKM Sons Property Trust and Southern Palace Investments 265 (Pty) Ltd (jointly referred to herein as
“AKM”). AKM currently holds no shares in Alert.

Subsequent to the transactions:

-   Credit Guarantee Insurance Corporation (“CGIC”) terminated its cover of all future credit transactions
    by the Company; and

-   suppliers of the Company (mainly in light of the receipt by them of notice of the termination of CGIC
    cover referred to above) refused to supply further goods or services to the Company unless all
    outstanding amounts owing to such suppliers are first settled in full.

The board of the Company is currently exploring all available options to ensure the continued viability of
the business and is engaging in urgent discussions with representatives of AKM in this regard.

Accordingly shareholders are advised to continue exercising caution when dealing in the Company’s
securities until a further announcement has been made.

6 February 2013
Johannesburg


Designated Advisor
Exchange Sponsors

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