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Mon 1 Feb 2010, 12:37 MTE/MIP - Marshall/Merchant - Results Of The Offer To Merchant Shareholders
MTE   MIP
MTE   MIP                                                                       
MTE/MIP - Marshall/Merchant - Results Of The Offer To Merchant Shareholders     
Marshall Monteagle Holdings Societe Anonyme                                     
(Incorporated in Luxembourg  with R.C. Luxembourg No. B19600)                   
Share codes: MTE                                                                
ISIN number:   ISIN:LU0035797272                                                
("Marshall")                                                                    
Merchant & Industrial Properties Limited                                        
Share Code: "MIP"                                                               
ISIN:     "ZAE000102265"                                                        
("Merchant")                                                                    
RESULTS OF THE OFFER TO MERCHANT SHAREHOLDERS                                   
Merchant shareholders are referred to the announcements published on 31 October 
2008, 13 March 2009, 2 April 2009, 13 May 2009 and 15 July 2009, as well as the 
circular posted to Merchant shareholders on 13 March 2009 in regard to an offer 
by Marshall to acquire the 30,3% of the issued ordinary share capital of        
Merchant that Marshall does not already own.                                    
The offer closed at 12.00 on Friday, 29 January 2010 and was accepted in respect
of 3,774,564 Merchant shares. Marshall now owns 15,886,210 shares in Merchant,  
being 91.45% of the issued share capital of Merchant.                           
Durban                                                                          
1 February 2010                                                                 
Sponsor to Marshall and Merchant                                                
Sasfin Capital (a division of Sasfin Bank Limited)                              
Date: 01/02/2010 12:37:02 Produced by the JSE SENS Department.                  
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