B&W INSTRUMENTATION & ELECTRICAL LD - Update to B&W B-BBEE Transaction

Update to B&W B-BBEE Transaction

B&W INSTRUMENTATION AND ELECTRICAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 2001/008548/06)
Share code: BWI ISIN: ZAE000098687
(“B&W” or “the Company” or “the Group”)


UPDATE TO B&W B-BBEE TRANSACTION


Further to the terms announcement released on SENS on 23 November 2012 wherein shareholders
were advised that B&W had entered into an agreement (“subscription agreement”) with Regiments
Capital Proprietary Limited (“Regiments Capital”), in terms of which Regiments Capital would become
a 32.5% strategic broad-based black economic empowerment (“B-BBEE”) shareholder in B&W
(“B-BBEE transaction”), shareholders are advised that both parties have mutually agreed not to
proceed with the B-BBEE transaction.

Shareholders are further advised that B&W has commenced the process to restructure the Group at a
subsidiary level, whereby the B-BBEE shareholding at the subsidiary level will be improved so as to
exceed 26%.


Johannesburg
6 March 2013

Designated Adviser
Merchantec Capital

Date: 06/03/2013 02:30:00 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.