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MONTAUK HOLDINGS LIMITED - Results of the Mandatory Offer

Release Date: 18/05/2015 14:02:00      Code(s): MNK     
(Incorporated in the Republic of South Africa)
(Registration number: 2010/17811/06)
(Previously HCI International Holdings Limited and Elgabrite Proprietary Limited)
Share code: MNK
ISIN: ZAE000197455


Shareholders are referred to the Stock Exchange News Service (?SENS?) announcement released by Montauk
on Wednesday, 4 March 2015 (?Offer SENS?), as well as the mandatory offer document posted to shareholders
on 25 March 2015, which contained details of the mandatory offer made by a consortium to acquire all the
Montauk shares that it does not already own for a cash consideration of 320 cents per Montauk share.

The abovementioned mandatory offer closed at 12:00 on Friday, 15 May 2015. Shareholders are hereby
advised that in terms of the mandatory offer, the consortium received acceptances from Montauk shareholders
holding 17,675,183 Montauk shares, constituting approximately 13.1% of the issued ordinary shares of

Prior to the mandatory offer, the consortium held 44.1% of the issued share capital of Montauk. Subsequent to
the closing of the mandatory offer, the consortium holds approximately 57.2% of the issued share capital of

Cape Town
18 May 2015

Investment Bank:
Investec Bank Limited

Sponsor to Montauk:
Investec Bank Limited

Legal Advisers:
Edward Nathan Sonnenbergs Inc

Date: 18/05/2015 02:02:00 Supplied by www.sharenet.co.za                     
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