TBX 201211010057A
Update to shareholders
Thabex Limited
Incorporated in the Republic of South Africa
(Registration number 1988/000763/06)
Share code: TBX ISIN: ZAE000013686
("Thabex" or "the Company")
Young Lions Exploring Africa
UPDATE TO SHAREHOLDERS
Shareholders are referred to the SENS announcement dated 2 April 2012 and 14 September 2012 referring
to the second provisional liquidation application against Angel Diamonds (Pty) Ltd (“Angel Diamonds”) (Case
Number CIV/PET/01/2011) and the Judgement against Messrs Mosebo and Engelbrecht with costs and they
have to provide security for costs for an amount of R250 000 in Case Number CIV/APN/664/2010 (“the
Case”), respectively.
The application for provisional liquidation of Angel Diamonds was dismissed in the High Court of Lesotho
today.
Angel Diamonds has requested the immediate hand over of the movable equipment and rough diamond
stock from the provisional liquidators.
Angel Diamonds will also proceed with a Review Application in the High Court of Lesotho to direct that the
previous Minister of Natural Resources had acted incorrectly in granting Reskol Diamond Mining (Pty) Ltd a
Mining Lease (“ML”), within a period of three months, when Angel Diamonds’ ML application of 12 December
2008 has not been considered in good faith.
Shareholders will be advised of future developments.
Johannesburg
1 November 2012
Sponsor
Merchantec Capital
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