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ESR - Esor - Placement Of Major Shareholders` Shares With Institutional

Release Date: 29/05/2007 17:56:27      Code(s): ESR
ESR - Esor - Placement Of Major Shareholders` Shares With Institutional         
                   Investors                                                    
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 INSTITUTIONAL INVESTORS            
Major shareholders of Esor have sold 8 million shares at R5.50 per share to     
various Asset Managers 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:        M L Barber                                             
Date of transaction:     29 May 2007                                            
Nature of transaction:   Sale                                                   
Price:                   550 cps                                                
Number of shares:        2 000 000                                              
Total amount:            R11 000 000-00                                         
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        A M Field                                              
Date of transaction:     29 May 2007                                            
Nature of transaction:   Sale                                                   
Price:                   550 cps                                                
Number of shares:        2 000 000                                              
Total amount:            R11 000 000-00                                         
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        B Krone                                                
Date of transaction:     29 May 2007                                            
Nature of transaction:   Sale                                                   
Price:                   550 cps                                                
Number of shares:        2 000 000                                              
Total amount:            R11 000 000-00                                         
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        M L Trevisani                                          
Date of transaction:     29 May 2007                                            
Nature of transaction:   Sale                                                   
Price:                   550 cps                                                
Number of shares:        2 000 000                                              
Total amount:            R11 000 000-00                                         
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
29 May 2007                                                                     
Johannesburg                                                                    
Designated Advisor:                                                             
Exchange Sponsors (Pty) Ltd                                                     
Date: 29/05/2007 17:56:27 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  



                                        
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