AND - Andulela Investment Holdings - Results of the unconditional cash offer by

AND
AND                                                                             
AND - Andulela Investment Holdings - Results of the unconditional cash offer by 
Newshelf 1005 (Proprietary) Limited to Andulela shareholders                    
ANDULELA INVESTMENT HOLDINGS LIMITED                                            
(Previously DNR Capital Limited)                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1950/037061/06)                                           
Share code: AND   ISIN code: ZAE000125894                                       
("Andulela")                                                                    
RESULTS OF THE UNCONDITIONAL CASH OFFER BY NEWSHELF 1005 (PROPRIETARY) LIMITED  
("NEWSHELF") TO ANDULELA SHAREHOLDERS                                           
Andulela shareholders are referred to the offer circular dated 18 January 2010  
containing details of 
the unconditional cash offer by Newshelf to Andulela      
shareholders to acquire all of their Andulela ordinary shares that Newshelf did 
not already own for a cash consideration of 12 cents for every 1 Andulela       
ordinary share held ("the offer").                                              
Andulela shareholders are also referred to the offeree board circular dated 9   
February 2010 regarding the views of the Andulela board on the offer and        
containing the substance of the advice to the Andulela board by its external    
advisor, Java Capital (Proprietary) Limited.                                    
The offer closed on Friday, 26 February 2010 and acceptances in respect of      
68,611,593 Andulela ordinary shares, comprising 16% of the issued share capital 
of Andulela, were received by Newshelf.                                         
Accordingly, Newshelf`s shareholding in Andulela has increased from 289,152,091 
Andulela ordinary shares (equal to 69.01% of the 
issued ordinary share capital  
of Andulela), as published in Newshelf`s announcement dated 20 November 2009, to
357,763,684 Andulela ordinary shares (equal to 85.58% of the issued ordinary    
share capital of Andulela at the closing date of the offer, being Friday, 26    
February 2010).                                                                 
11 March 2010                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 11/03/2010 16:38:01 Produced by the JSE SENS Department.                  
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