Conduit Capital Limited - Fulfilment of conditions to the CICL transaction

     Conduit Capital Limited - Fulfilment of conditions to the CICL transaction 
     Conduit Capital Limited                                                    
     (formerly IMR Investments Limited)                                         
Incorporated in the Republic of South Africa                               
     (Registration number 1998/017351/06)                                       
     Share code: CND & ISIN: ZAE000073128                                       
     ("Conduit Capital" or "the company")                                       
Fulfilment of conditions to the CICL transaction                           
     Shareholders are referred to the previous announcements relating to the    
     acquisition by Conduit Capital of a significant controlling stake in CICL  
     Investment Holdings (Proprietary) Limited and are advised that the         
Financial Services Board has approved the acquisition. The acquisition is  
     now unconditional and will be implemented in accordance with its terms.    
     Melrose Arch                                                               
     10 October 2006                                                            
Corporate advisor, legal advisor and transaction sponsor to the company    
     Java Capital (Proprietary) Limited                                         
     Lead sponsor to the company                                                
     Merchant Sponsors (Proprietary) Limited                                    
Date: 10/10/2006 02:28:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department