COMMAND HOLDINGS LIMITED - Update announcement

Update announcement

COMMAND HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no: 1999/014759/06)
Share Code: CMA ISIN Code: ZAE000023131
("Command" or "the Company")




UPDATE ANNOUNCEMENT



1. Shareholders are advised that Cape Empowerment Trust Limited (“CET”), a shareholder
    of Command, launched an application against Mohamed Shaffie Mowzer N.O. and
    Mohamed Iqbal Parker N.O. in their capacities as trustees for the time being of the
    Ikwezi Investment Trust (IT No. 2224/98), Mohamed Shaffie Mowzer N.O. and Hilary
    Ruth Mowzer N.O. in their capacities as trustees for the time being of the Grapsy Trust
    (IT No. 751/95), L A Rose-Innes, SC and the Company in the Western Cape High Court
    on 29 August 2013 (“the court application”).


2. In the court application CET seeks inter alia the relief as set out below in regard to the
    general meeting convened by CET pursuant to the provisions of section 70(4) of the
    Companies Act 71 of 2008 (“the Act”), to be held on Monday, 30 September 2013 (“the
    meeting”) and pursuant to the powers granted to the court under section 70(5) of the
    Act:


    2.1    L A Rose-Innes, SC is appointed as the independent chair of the meeting;

    2.2    L A Rose-Innes, SC shall otherwise have the powers set out in articles 19 to 29
           of the Memorandum of Incorporation of the Company, together with any other
           power that he may reasonably be required to exercise, for purposes of the
           meeting;

    2.3    The Ikwezi Investment Trust, a shareholder of Command, is prohibited from
           voting at the meeting for the purposes of the election of directors for the
           Company;

    2.4    The Ikwezi Investment Trust is prohibited from nominating any persons for
           election as a director of the Company;
     2.5    The Grapsy Trust, a shareholder of Command, is prohibited from voting at the
            meeting for the purposes of the election of directors for the Company;

     2.6    The Grapsy Trust is prohibited from nominating any persons for election as a
            director of the Company; and

     2.7    The costs of L A Rose-Innes, SC shall be paid by the Company.

3.   Shareholders are further advised that the court application will be heard on Monday, 16
     September 2013 and will be advised of the outcome.




By Order
Elton Arthur Rochert
Company Secretary


Cape Town
4 September 2013


Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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