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INSIMBI REFRACTORY & ALLOY SUP LIMITED - Renewal of Cautionary Announcement

Release Date: 26/07/2016 10:13
Code(s): ISB     PDF:  
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Renewal of Cautionary Announcement

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement made on 22 June 2016 where it was advised that
the Company had entered into a memorandum of understanding (“MOU”) between Insimbi and the
shareholders of the Amalgamated Metals Recycling Proprietary Limited, Amalgamated Metals Recycling SA
Proprietary Limited, Amalgamated Metals West Rand Proprietary Limited (the “AMR Group”) and the
properties from which the AMR Group operates (the “AMR Acquisition”). The AMR Acquisition will further
diversify Insimbi’s product offering, customer base and therefore, revenue streams.

Shareholders are notified that following the conclusion of the MOU, the board of directors of the Company
have formally approved the AMR Acquisition subject to certain suspensive conditions, the full terms and
details of the categorisation of the AMR Acquisition, inter alia, will be published in due course upon finalisation
of the requisite legal agreements for the AMR acquisition. A competition commission application is expected to
be submitted during August 2016.

Consequently, negotiations are still on-going which if successfully concluded may have a material effect on the
price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company’s securities until a full announcement is made.

26 July 2016
Johannesburg
Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited

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