SPANJAARD LIMITED - Cautionary Announcement

Cautionary Announcement

Spanjaard Limited
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share code: SPA     ISIN: ZAE000006938
("the company")

Cautionary announcement

Shareholders are hereby advised that the company has entered into discussions which, if successfully concluded, may have an effect on the price of the company's shares.

Accordingly, shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made.

Johannesburg
11 October 2013

Sponsor
ARCAY Moela Sponsors


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