Sharenet Sites 
Sharenet Sites
Provisional Liquidation Of Brikor And Further Cautionayr Announcement
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
JSE Share code: BIK ISIN: ZAE000101945
("Brikor” or “the Company”)
PROVISIONAL LIQUIDATION OF BRIKOR AND FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcements dated 22 February 2013, 10 April 2013, 24 May 2013
and 2 July 2013, regarding the on-going legal dispute between Brikor and its bankers, Firstrand Bank
Limited (“Firstrand Bank” or “the Bank). The dispute relates to the immediate demand by the Bank of
Brikor’s overdraft and subsequent foreclosure on two term loans under cross default clauses of the Bank’s
finance agreements concluded with Brikor.
On instruction of the Bank, Brikor instituted a restructuring plan in cooperation with the Bank, which
resulted in the sale of assets as requested by the Bank. This process started in 2011, with the final assets
sold in 2012. All monies received were used to reduce the total amount of the amounts owed to the Bank.
The impact of the restructuring and the ongoing litigation were reported on in the Company’s Annual
Financial Statements, which were released on SENS on 26 June 2013. The results also indicated that
Brikor’s financial position has improved, resulting in a Profit After Tax of R 44 million.
On 12 July 2013, Firstrand Bank launched an application for the liquidation of Brikor. The application was
heard on 30 July and the Kwazulu-Natal High court granted an order for the provisional liquidation of
Brikor. The return date is scheduled for 8 October 2013.
Under the circumstances shareholders are advised to continue exercising caution when dealing in the
company’s securities until a further announcement is made.
31 July 2013
Durban
Designated Advisor
Exchange Sponsors
Date: 31/07/2013 07:05:00 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.
