BSS 201705180023A
Cautionary
BSI Steel Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the Company")
CAUTIONARY ANNOUNCEMENT
BSI shareholders (“Shareholders”) are advised that the Company is in discussions
with potential broad-based black economic empowerment investors (“B-BBEE
Investors”) regarding the disposal of a majority stake in Isilo Steel (Pty) Ltd, a
wholly-owned subsidiary of BSI Steel Limited to the B-BBEE Investors. Such
discussions may lead to the conclusion of formal agreements with the B-BBEE
Investors (which agreements will be subject to all requisite requirements and
regulatory approvals).
Should agreements embodying the terms and conditions of the discussions be
concluded, it may have a material effect on the price of the Company’s securities.
Accordingly, Shareholders are advised to exercise caution when dealing in the
Company’s securities until a further announcement is made.
Johannesburg
18 May 2017
Designated Advisor: Sasfin Capital (a division of Sasfin Bank Limited)
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