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Mon 20 Apr 2009, 7:05 AFO - Aflease Gold Limited - Bondholder Approval Obtained
AFO
AFO                                                                             
AFO - Aflease Gold Limited - Bondholder Approval Obtained                       
Aflease Gold Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1984/006179/06)                                            
JSE Share code: AFO                                                             
ISIN: ZAE000075867                                                              
International Prime QX (OTCQX): AFSGY                                           
("Aflease" or the "company")                                                    
BONDHOLDER APPROVAL OBTAINED                                                    
1    Introduction                                                               
    Aflease is pleased to advise shareholders that the company`s bondholders    
unanimously approved the transaction which provides for the dual primary    
    inward listing of the Australian Securities Exchange ("ASX") listed Gold    
    One International Limited ("Gold One"), previously known as BMA Gold        
    Limited, on JSE Limited ("JSE") and the subsequent acquisition by Gold One  
of all the issued ordinary shares of Aflease ("transaction").               
    The transaction will be implemented in South Africa through a scheme of     
    arrangement in terms of section 311 of the Companies Act, 1973, between the 
    company and its ordinary shareholders ("scheme"). In terms of the scheme    
the Aflease convertible bonds will be cancelled and replaced with Gold One  
    convertible bonds.                                                          
2    Conditions precedent in respect of the scheme                              
    Shareholders are referred to the announcement released on SENS on 29        
January 2009 setting out the remaining conditions to the implementation of  
    the scheme. Shareholders are advised that the company has provided the Gold 
    One ISIN to the JSE. The implementation of the scheme remains subject only  
    to one condition precedent which is the registration by the JSE of the      
proposed new auditors of Gold One.                                          
3    Salient dates and times                                                    
    The company anticipates that the dual primary listing of Gold One on the    
    JSE and the ASX will occur by no later than mid-May 2009. An updated        
timetable for the implementation of the scheme, required as a consequence   
    in the delay in the fulfillment of the last remaining condition precedent   
    will be released shortly.                                                   
Parktown, Johannesburg                                                          
20 April 2009                                                                   
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED                                    
Corporate adviser and sponsor in South Africa                                   
DENEYS REITZ INC.                                                               
Attorneys to Aflease - South Africa                                             
Date: 20/04/2009 07:05:05 Produced by the JSE SENS Department.                  
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