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ESR - Esorfranki Limited - Proposed rights offer and cautionary announcement

Release Date: 25/11/2010 11:43:01      Code(s): ESR
ESR - Esorfranki Limited - Proposed rights offer and cautionary announcement    
ESORFRANKI LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/000732/06)                                           
JSE code: ESR                                                                   
ISIN: ZAE000133369                                                              
("Esorfranki" or "the company")                                                 
The board of directors of Esorfranki propose raising approximately R200 million 
by way of a fully underwritten renounceable rights offer at an issue price of   
215 cents per share.  The terms of the underwriting have been agreed in         
principle and are in the process of being finalised.                            
Further information                                                             
Shareholders will be advised in due course of the salient features of the       
underwriting agreement/s and the rights offer, as well as the salient dates and 
documentation pertaining thereto.                                               
Cautionary announcement                                                         
Shareholders are advised to exercise caution when dealing in the company`s      
securities until a further announcement relating to the proposed rights offer is
25 November 2010                                                                
Vunani Corporate Finance                                                        
Date: 25/11/2010 11:43:01 Supplied by www.sharenet.co.za                     
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