Joint Announcement by BESA and the JSE Relating to the

May 4, 2009 at 4:39 AM EDT
JSE                                                                             
JSE - JSE LIMITED/ BESA - Joint Announcement by BESA and the JSE Relating to the
Proposed Scheme of Arrangement Between BESA and its Shareholders                
BOND EXCHANGE OF SOUTH AFRICA LIMITED                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2007/034441/06)                                           
("BESA")                                                                        
JSE LIMITED                                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2005/022939/06)                                           
Share Code: JSE                                                                 
ISIN: ZAE000079711                                                              
("JSE")                                                                         
JOINT ANNOUNCEMENT BY BESA AND THE JSE RELATING TO THE PROPOSED SCHEME OF       
ARRANGEMENT BETWEEN BESA AND ITS SHAREHOLDERS                                   
Shareholders are referred to the circular dated 20 January 2009, to BESA        
shareholders regarding the scheme of arrangement proposed by the JSE between    
BESA and its shareholders ("the transaction").                                  
The JSE and BESA are awaiting the regulatory approvals of the South African     
competition authorities and the Financial Services Board for the transaction and
the transaction is therefore moving beyond the indicative dates contained in the
circular. As a result, all the dates indicated as "expected" in the "Salient    
Dates and Times" section of the circular will change.                           
As soon as further clarity has been obtained on the revised dates, a further    
announcement will be released by BESA, on its website, and by the JSE, on SENS  
and published in the press.                                                     
The Long Stop Date, being the date by which all conditions precedent must be    
fulfilled, remains unchanged at 30 June 2009.                                   
Johannesburg                                                                    
4 May 2009                                                                      
Financial Advisor to BESA:                                                      
ABSA Capital                                                                    
Attorneys to the Scheme                                                         
Webber Wentzel                                                                  
Legal advisor to BESA                                                           
Edward Nathan Sonnenbergs Inc                                                   
Sponsor to JSE                                                                  
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 04/05/2009 07:05:02 Produced by the JSE SENS Department.