13 July 2010

Shareholders are referred to the announcement dated 1 February 2010 relating to the proposed restructuring of the Sephaku Holdings group (“the restructuring”) and to the announcements dated 1 June 2010 and 4 June 2010 which included information relating to the heads of agreement concluded with Dangote Industries Limited (“Dangote”) in terms of which, inter alia, Sephaku Cement (Pty) Limited (“Sephaku Cement”), an 80.22% owned subsidiary of Sephaku Holdings, will issue shares to Dangote, subject to various conditions precedent, in an aggregate amount of R779 million for the funding of its cement project (“the Dangote issue”).

Shareholders are reminded that the company is still trading under a cautionary and that, until an announcement providing additional and final details relating to the restructuring and the Dangote issue, including the relevant financial effects, is released, they should continue to exercise caution when dealing in their Sephaku Holdings shares.

Sponsor
QuestCo Sponsors (Pty) Limited

Corporate advisor to Sephaku Cement
Sasfin Capital
(A division of Sasfin Bank Limited)

Legal advisors to Sephaku Holdings
Cliffe Dekker Hofmeyr