MKL
MKL
Makalani increases its portfolio by R125 million
Makalani Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/000726/06)
Share code: MKL
ISIN: ZAE000066700
("Makalani" or "the company")
MAKALANI INCREASES ITS PORTFOLIO BY R125 MILLION
Introduction
Unitholders of Makalani are advised that Makalani has increased its portfolio of
investment by R125 million to R1,709 million. Makalani has provided part of the
funding for the Exxaro Resources Limited ("Exxaro") empowerment transaction
("the Exxaro investment"). The effect of the Exxaro investment on the
annualised weighted average pre-tax yield on invested assets is negligible when
compared to the pre-tax yield of 14.02% that was disclosed by the company on 21
November 2006.
The Exxaro investment
Makalani has provided funding of R125 million to Main Street 333 (Proprietary)
Limited ("BEE Holdco"), a black-owned and controlled company, to acquire an
interest in the Exxaro empowerment transaction.
Exxaro is the diversified mining resources company that resulted from Kumba
Resources Limited"s empowerment transactions. Exxaro has a diverse and world-
class commodity portfolio in coal, mineral sands, base metals and industrial
minerals, with exposure to iron ore through a 20% interest in listed Kumba Iron
Ore Limited.
Sandton
28 November 2006
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/11/2006 04:40:03 PM Produced by the JSE SENS Department
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