CARGO CARRIERS LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the Company")


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcement issued on
10 November 2015 relating to the signing of non-binding heads of agreement in
respect of the proposed formation of a Newco, which company will purchase the
assets and liabilities of a division of CRG and the assets and liabilities of an
undisclosed third party.

The parties have agreed to extend the date for completion of the respective due
diligences and to endeavour to conclude Definitive Agreements by no later than
29 February 2016. Shareholders are accordingly advised to continue to exercise
caution when dealing in the Company’s securities until a further announcement is
made.

Johannesburg
15 January 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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