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Esor Limited - Results of the general meeting

Release Date: 23/11/2006 12:11:00      Code(s): ESR
Esor Limited - Results of the general meeting                                   
Esor Limited                                                                    
(Incorporated in the Republic of South Africa)                                  
Registration number: 1994/000732/06)                                            
(JSE code: ESR ISIN: ZAE000078408)                                              
("Esor" or "the company")                                                       
Exchange Sponsors is authorised to announce the results of the general meeting  
of shareholders of Esor convened on Thursday, 23 November 2006 in terms of the  
notice of the general meeting contained in the Esor circular to shareholders    
regarding the acquisition of Franki Africa (Pty) Ltd ("Franki") distributed on  
6 November 2006. All of the resolutions were passed by the requisite majority of
Esor shareholders.                                                              
The approval of the resolutions resulted in all conditions precedent in terms of
the Acquisition agreement of Franki being met and therefore the acquisition of  
Franki became unconditional.                                                    
Designated Adviser                                                              
Exchange Sponsors (Pty) Limited                                                 
23 November 2006                                                                
Warning: The listing of ordinary shares in the company is on ALTx.  Investors   
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a       
company listed on ALTx.  In terms of the Listings Requirements, the company is  
obliged to appoint and retain a Designated Adviser, which is required to, inter 
alia, attend all board meetings held by the company to ensure that all the      
Listings Requirements and applicable regulations are complied with, approve the 
Financial Director of the company and guide the company in a competent,         
professional and impartial manner.  If the company fails to retain a Designated 
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its     
securities.  If a Designated Adviser is not appointed within 30 days of its     
suspension, the company faces the termination of its listing without the        
prospect of an appropriate offer to minority shareholders.                      
Date: 23/11/2006 12:11:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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