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Thu 18 Feb 2010, 17:28 QHL - Queensgate - Dealings In Securities By Associates
QHL
QHL                                                                             
QHL - Queensgate - Dealings In Securities By Associates                         
QUEENSGATE HOTELS AND LEISURE LIMITED                                           
Incorporated in the Republic of South Africa                                    
(Registration number 1998/013649/06)                                            
Share code: QHL                                                                 
ISIN code: ZAE000113718                                                         
("Queensgate" or "the Company")                                                 
DEALINGS IN SECURITIES BY ASSOCIATES                                            
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, 
the following information is disclosed:                                         
1.  NAME OF DIRECTORS         A J Hubbard, H G B                                
Friedrichsen                                       
   NAME OF ASSOCIATE         Queensgate Holdings (Pty)                          
                             Limited                                            
   TYPE AND CLASS OF         Ordinary shares                                    
SECURITIES                                                                   
   DATE OF EXERCISE OF       22 December 2009                                   
   PLEDGE                                                                       
   PRICE AT WHICH SHARES     8.8 cents per share                                
WERE PLEDGED (CENTS)                                                         
   NUMBER OF SHARES          64 800 000                                         
   PLEDGED                                                                      
   TOTAL RAND VALUE OF       R 5 773 307.25                                     
SHARES PLEDGED                                                               
   NATURE OF TRANSACTION     Disposal                                           
                             Shares in Queensgate Hotels                        
                             and Leisure Limited were                           
pledged as  surety in respect                      
                             of certain contracts entered                       
                             into by Queensgate Holdings                        
                             (Pty) Limited and were called                      
upon by the pledgor thereby                        
                             giving rise to the disposal                        
   COMPANY TO WHOM           HPF Properties (Pty) Limited                       
   SHARES WHERE PLEDGED                                                         
NATURE AND EXTENT OF      Indirect Beneficial                                
   INTEREST IN               A J Hubbard and H G B                              
   TRANSACTION               Friedrichsen, who are                              
                             executive directors of                             
Queensgate Hotels and Leisure                      
                             Limited, are the controlling                       
                             shareholders of Queensgate                         
                             Holdings (Pty) Limited.                            
2.  NAME OF DIRECTORS         A J Hubbard, H G B                                
                             Friedrichsen                                       
   NAME OF ASSOCIATE         Queensgate Holdings (Pty)                          
                             Limited                                            
TYPE AND CLASS OF         Ordinary shares                                    
   SECURITIES                                                                   
   DATE OF EXERCISE OF       21 January 2010                                    
   PLEDGE                                                                       
PRICE AT WHICH SHARES     7 cents per share                                  
   WERE PLEDGED (CENTS)                                                         
   NUMBER OF SHARES          30 000 000                                         
   PLEDGED                                                                      
TOTAL RAND VALUE OF       R 2 100 000                                        
   SHARES PLEDGED                                                               
   NATURE OF TRANSACTION     Disposal                                           
                             Shares in Queensgate Hotels                        
and Leisure Limited were                           
                             pledged as  surety in respect                      
                             of certain contracts entered                       
                             into by Queensgate Holdings                        
(Pty) Limited and were called                      
                             upon by the pledgor thereby                        
                             giving rise to the disposal                        
   COMPANY TO WHOM           Exhibition Building                                
SHARES WHERE PLEDGED      Investments (Pty) Limited                          
   NATURE AND EXTENT OF      Indirect Beneficial                                
   INTEREST IN               A J Hubbard and H G B                              
   TRANSACTION               Friedrichsen, who are                              
executive directors of                             
                             Queensgate Hotels and Leisure                      
                             Limited, are the controlling                       
                             shareholders of Queensgate                         
Holdings (Pty) Limited.                            
Clearance to deal in these shares was obtained in accordance with Rule 3.66 of  
the JSE Limited`s Listings Requirements.                                        
18 February 2010                                                                
Designated Adviser                                                              
PSG Capital (Pty) Limited                                                       
Date: 18/02/2010 17:28:01 Produced by the JSE SENS Department.                  
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