Fourth quarterly update regarding the suspension of Dorbyl Dorbyl Limited (Incorporated in the Republic of South Africa) Registration Number: 1911/001510/06 Share Code: DLV ISIN: ZAE000002184 ("Company" or "Dorbyl") FOURTH QUARTERLY UPDATE REGARDING THE SUSPENSION OF DORBYL Shareholders are referred to the announcements on SENS on: - 1 November 2012 in which shareholders were advised that the listing of Dorbyl’s securities have been suspended following the Company’s failure to comply with JSE Limited’s (“JSE”) Listings Requirements (“the Listings Requirements”) by not submitting its annual financial statements timeously (“the Suspension”); - 5 April 2013, 9 July 2013 and 18 November 2013, in which shareholders were provided with a first, second and third quarterly update, respectively, regarding the suspension (“the Quarterly Updates”); and - 24 June 2013 in which shareholders were advised of the posting of a notice in terms of section 60 of the Companies Act, 2008, as amended, containing an ordinary resolution proposed by the board of directors of Dorbyl (“the Board”). The abbreviated terms applied in the previous Quarterly Updates, apply equally in this fourth quarterly update which relates to the fourth quarter of 2013 i.e. October to December 2013. Further to the above, shareholders are advised that the Company is still engaged in the process of pursuing the Recapitalisation which is required to simultaneously address the Adverse Audit Opinion and the lifting of the Suspension. As discussions are ongoing, shareholders will be kept duly informed of any further developments insofar as the lifting of the Suspension is concerned. Johannesburg 14 January 2014 Sponsor to Dorbyl: PSG Capital Proprietary Limited Date: 14/01/2014 05:04:00 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.