Further cautionary in respect of purchase of shares and further cautionary Alert Steel Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2003/005144/06) (Share Code: AET ISIN Code: ZAE000092847) ("Alert Steel" or "the Company") Further cautionary announcement in respect of purchase of shares in Alert Steel by Cannistraro from Capital Africa Steel and further cautionary announcement Shareholders are referred to the further cautionary announcement dated 26 March 2013 which, inter alia, referred to the purchase (the CAS Transaction) by Cannistraro Investments 282 (Pty) Ltd (Cannistraro) of 47.5% of Alert Steels shares in issue from Capital Africa Steel (Pty) Limited (CAS). The CAS Transaction was subject to two conditions precedent being fulfilled, inter alia approval of the CAS Transaction by the competition authorities within 45 days of 8 February 2013. Cannistaro and CAS have today entered into an agreement to extend the date of fulfilment to 75 calendar days of 8 February 2013. To the extent that the CAS Transaction may have lapsed by reason of the non-timeous fulfilment of the suspensive condition, the CAS Transaction was reinstated on all of its terms and conditions, subject to the amendment in respect of the date of fulfilment. Shareholders are advised to continue exercising caution when dealing in the Companys securities until further announcements have been made. 27 March 2013 Johannesburg Designated Advisor Exchange Sponsors Date: 27/03/2013 03:04:00 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.