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ESR - Esorfranki Limited - Potential acquisition and further cautionary

Release Date: 01/12/2011 09:06:01      Code(s): ESR
ESR - Esorfranki Limited - Potential acquisition and further cautionary         
ESORFRANKI LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/000732/06)                                           
JSE code: ESR                                                                   
ISIN: ZAE000133369                                                              
("Esorfranki" or "the company")                                                 
Shareholders are referred to the cautionary announcement dated 20 October       
2011 and are advised that Esorfranki is involved in negotiations regarding      
the acquisition of the business of a Development Company who has the            
development rights as the "turnkey developer/contractor" for an integrated      
mixed-use, affordable housing development on approximately 237 ha of land       
that ultimately will yield approximately 7 700 residential units as well as     
commercial, social, educational and medical facilities.                         
If successfully concluded the acquisition may impact on the price of the        
company`s securities.                                                           
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the company`s securities until a further announcement is made.       
1 December 2011                                                                 
Vunani Corporate Finance                                                        
Date: 01/12/2011 09:06:01 Supplied by www.sharenet.co.za                     
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