BDM                                                                             
BDM - Buildmax Limited - Results of capital raising and general meeting         
BUILDMAX LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/012209/06)                                            
JSE code: BDM    ISIN:ZAE000011250                                              
("Buildmax" or "the company")                                                   
RESULTS OF CAPITAL RAISING AND GENERAL MEETING                                  
Shareholders are advised that in terms of the capital raising detailed in       
Buildmax's Revised Listings Particulars dated 5 March 2008 (the "RLP") the      
company has accepted applications for R311 200 000 worth of Buildmax shares,    
of which:                                                                       
R250 000 000 was in respect of the issue of 138 888 889 new Buildmax shares     
at a price of R1.80 per share, which includes the exercise by the company of    
its over-allotment option on the back of investor demand;                       
R61 200 000 was in respect of the issue of 40 000 000 new Buildmax shares at    
a price of R1.53 per share (a 15% discount to the subscription price) in        
terms of the Black Economic Empowerment transaction as described in the RLP.    
Successful applicants have been advised of their allocations and payment is     
due to be received on Monday, 31 March 2008.                                    
Shareholders are further advised that, at the Buildmax general meeting held     
on Friday, 28 March 2008, all of the resolutions necessary to approve the       
capital raising, the acquisition of the Buildco group and the acquisition of    
Diesel Power Open Cast Mining (Pty) Ltd were passed by the requisite            
majorities.                                                                     
Johannesburg                                                                    
28 March 2008                                                                   
Corporate and legal advisors and sponsor                                        
Java Capital (Proprietary) Limited                                              
Placing Agent in respect of the Private Placement                               
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/03/2008 13:38:50 Produced by the JSE SENS Department.                  
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