FINBOND GROUP LIMITED - Results of the underwritten Rights Offer to raise R525m

Results of the underwritten Rights Offer to raise R525m

Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL
ISIN: ZAE000138095
(“Finbond” or “the Company”)

RESULTS OF THE UNDERWITTEN RIGHTS OFFER TO RAISE R 525 MILLION

1. INTRODUCTION

   Shareholders are referred to the announcement released on SENS on
   Friday, 12 February 2016 relating to the underwritten rights offer of
   157 185 629 new Finbond ordinary shares of 0.0001 cents each, in the
   authorised but unissued share capital of the Company offered for
   subscription to Finbond shareholders on basis of 25.98001 Rights
   Offer Shares for every 100 Finbond ordinary shares held at 334 cents
   per Rights Offer Share, raising approximately R525 million (“the
   Rights Offer”).

   As detailed below the Rights Offer was successful.

   Finbond raised the full R525 million and the underwriter, Midbrook
   Lane (Pty) Ltd, will not be required to subscribe for any Rights
   Offer Shares given that the Rights Offer was over-subscribed with a
   number of shareholders making excess applications.

2. RESULTS OF THE RIGHTS OFFER

   The Rights Offer closed at 12:00 on Friday, 11 March 2016.   The
   results are set out below:

                          Number of Rights Offer    % of Rights Offer
                          Shares
   Rights   Offer  Shares          157 185 629                100%
   available for
   subscription
   Subscriptions  for               87 550 564                 56%
   Rights Offer Shares
   Excess applications              83 872 537                 53%
   for Rights Offer
   Shares
   Excess Rights Offer             69 635 065                  44%
   Shares available to be
   allocated

3. ISSUE OF RIGHTS OFFER SHARES

   Share certificates will be posted to holders of certificated shares
   who have followed their rights on or about Monday, 14 March 2016.

   The CSDP or broker accounts of holders of dematerialised shares or
   their renouncees, who have followed their rights, will be credited
   with the Rights Offer Shares and debited with any payments due on
   Monday, 14 March 2016.

4. EXCESS APPLICATIONS

  The excess Rights Offer Shares applied for will be allocated in a
  manner viewed as equitable in terms of the JSE Listings Requirements,
  taking cognizance of the number of shares held by the shareholder,
  including those taken up as a result of the Rights Offer, and the
  number of excess Rights Offer Shares applied for by such shareholder.

  Share certificates will be posted to holders of certificated shares,
  who have been allocated excess Rights Offer Shares on or about
  Wednesday, 16 March 2015.

  The CSDP or broker account of holders of dematerialised shares who
  have been allocated excess Rights Offer Shares, will be credited with
  the excess Rights Offer Shares on or about Wednesday, 16 March 2016.

  Refund payments in respect of unsuccessful applications will be made
  to the relevant applicants on or about Wednesday, 16 March 2016. No
  interest will be paid on monies received in respect of unsuccessful
  applications.

5. RESTRICTIONS

   The granting of the right to subscribe for Rights Offer Shares in
   certain jurisdictions other than South Africa may be restricted by
   law and a failure to comply with any of those restrictions may
   constitute a violation of the securities laws of any such
   jurisdiction.

   The shares have not been and will not be registered for the purposes
   of the rights offer under the securities laws of the United Kingdom,
   Canada, United States of America or any other country outside South
   Africa and accordingly, are not being offered, sold, taken up, re-
   sold or delivered directly or indirectly to rights recipients with
   registered addresses outside South Africa.
   The Rights Offer does not constitute an offer in any area of
   jurisdiction in which it is illegal to make such an offer.


Johannesburg
14 March 2016

Corporate Advisor and JSE Sponsor
Grindrod Bank Limited

Date: 14/03/2016 09:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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