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ESR - Esor Limited - Proposed increase in BEE shareholding and directors dealing

Release Date: 29/02/2008 17:50:37      Code(s): ESR
ESR - Esor Limited - Proposed increase in BEE shareholding and directors dealing
in securities                                                                   
Esor Limited                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/000732/06)                                            
(JSE code: ESR & ISIN: ZAE000078408)                                            
("Esor" or "the company")                                                       
PROPOSED INCREASE IN BEE SHAREHOLDING AND DIRECTORS DEALING IN SECURITIES       
Shareholders are advised that certain directors of Esor have granted options in 
respect of 10 000 000 shares to Vunani Capital (Pty) Limited as part of an      
initiative to increase the BEE shareholding in Esor.                            
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information is disclosed:                                             
Name of director:        M L Barber                                             
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        2 300 000                                              
Total amount:            R 17 250 000                                           
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        A M Field                                              
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        2 300 000                                              
Total amount:            R 17 250 000                                           
Expiry date:             30 June 2008                                           
Type of option:               European                                          
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        B Krone                                                
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        2 300 000                                              
Total amount:            R 17 250 000                                           
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        M L Trevisani                                          
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        2 300 000                                              
Total amount:            R 17 250 000                                           
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        Ethan Dube                                             
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option received                                        
Option price:            750 cents per share                                    
Number of shares:        10 000 000                                             
Total amount:            R 75 000 000                                           
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Indirect Beneficial                                    
Clearance obtained:      Yes                                                    
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information relating to directors of Esor`s major subsidiary, Franki  
Africa (Pty) Limited ("Franki") is disclosed:                                   
Name of director:        P A Colman                                             
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        250 000                                                
Total amount:            R 1 875 000                                            
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        H W D Coetsee                                          
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        300 000                                                
Total amount:            R 2 250 000                                            
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Name of director:        The Byrne Family Trust                                 
Date of transaction:     29 February 2008                                       
Nature of transaction:   Option granted                                         
Option price:            750 cents per share                                    
Number of shares:        250 000                                                
Total amount:            R 1 875 000                                            
Expiry date:             30 June 2008                                           
Type of option:          European                                               
Class of security:       Ordinary Shares                                        
Nature of interest:      Indirect Beneficial                                    
Clearance obtained:      Yes                                                    
Shareholders will be advised once the above options have been exercised.        
29 February 2008                                                                
Johannesburg                                                                    
Designated Adviser                                                              
Exchange Sponsors (Pty) Ltd                                                     
Transaction Adviser to Vunani                                                   
Vunani Corporate Finance                                                        
Date: 29/02/2008 17:50:37 Supplied by www.sharenet.co.za                     
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