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ESR - Esor - Placement of Major Shareholders` Shares with an Institutional

Release Date: 26/01/2007 17:35:04      Code(s): ESR
ESR - Esor - Placement of Major Shareholders` Shares with an Institutional      
            Investor                                                            
Esor Limited                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/000732/06)                                            
(JSE code: ESR    ISIN: ZAE000078408)                                           
("Esor" or "the company")                                                       
PLACEMENT OF MAJOR SHAREHOLDERS` SHARES WITH AN INSTITUTIONAL INVESTOR          
Major shareholders of Esor have sold 10 million shares at R3.70 per share to    
Stanlib Asset Management on behalf of its clients through a Share Block         
Placement. The sale of shares is in line with the company`s objective to expand 
its institutional shareholding base. The placement will also increase the free  
float of Esor shares with a resulting improvement in liquidity.                 
In compliance with rule of 3.63 to 3.65 of the JSE Listing Requirements, the    
following should be noted in terms of directors offering their shares in the    
above-mentioned Share Block Placement:                                          
Name of director:        A M Field                                              
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        1 762 876                                              
Total amount:            R6 522 641.20                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        M L Barber                                             
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        1 762 876                                              
Total amount:            R6 522 641.20                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        B Krone                                                
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        1 762 876                                              
Total amount:            R6 522 641.20                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        M L Trevisani                                          
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        1 762 876                                              
Total amount:            R6 522 641.20                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
In compliance with rule of 3.63 to 3.65 of the JSE Listing Requirements, the    
following should be noted in terms of directors of Esor`s major subsidiary,     
Franki Africa (Pty) Ltd offering their shares in the above-mentioned Share Block
Placement:                                                                      
Name of director:        I R Oliver                                             
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        120 444                                                
Total amount:            R445 642.80                                            
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        R D Louw                                               
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        70 000                                                 
Total amount:            R259 000.00                                            
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        R S Goss                                               
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        585 516                                                
Total amount:            R2 166 409.20                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        P A Colman                                             
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        228 682                                                
Total amount:            R846 123.40                                            
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        H W D Coetzee                                          
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        409 547                                                
Total amount:            R1 515 323.90                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        G P Byrne                                              
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        634 310                                                
Total amount:            R2 346 947.00                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Indirect Beneficial                                    
Clearance obtained:      Yes                                                    
In compliance with rule of 21.30 read with rules of 3.63 to 3.65 of the JSE     
Listing Requirements, the following should be noted in terms of the designated  
advisor offering their shares in the above-mentioned Share Block Placement:     
Name of person at                                                               
designated advisor:      W van der Merwe                                        
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        350 000                                                
Total amount:            R1 295 000                                             
Class of security:       Ordinary Shares                                        
Nature of interest:      Indirect Beneficial                                    
Clearance obtained:      Yes                                                    
Name of person at                                                               
designated advisor:      M Meyer                                                
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        350 000                                                
Total amount:            R1 295 000                                             
Class of security:       Ordinary Shares                                        
Nature of interest:      Indirect Beneficial                                    
Clearance obtained:      Yes                                                    
Name of person at                                                               
designated advisor:      V Z Swanepoel                                          
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        100 000                                                
Total amount:            R370 000                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of person at                                                               
designated advisor:      C Chalmers                                             
Date of transaction:     26 January 2007                                        
Nature of transaction:   Sale                                                   
Price:                   370 cps                                                
Number of shares:        100 000                                                
Total amount:            R370 000                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
26 January 2007                                                                 
Johannesburg                                                                    
Designated Advisor:                                                             
Exchange Sponsors (Pty) Ltd                                                     
Date: 26/01/2007 17:35:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  



                                        
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