FINBOND GROUP LIMITED - Posting of Combined Offer Circular, Salient Dates & times in Respect Of The Manadatory Offer To Finbond Shareholders

Posting of Combined Offer Circular, Salient Dates & times in Respect Of The Manadatory Offer To Finbond Shareholders

Finbond Group Limited                     Riskowitz Value Fund LP
(Incorporated in the Republic of          (Formed in the State of Delaware
South Africa)                             in the United States of America)
(Registration number                      (Registration number 4797702)
2001/015761/06)                           (“RVF” or “the Offeror”)
(JSE share code: FGL)
(ISIN: ZAE ZAE000138095)
(“Finbond” or “the Company”)




POSTING OF COMBINED OFFER CIRCULAR AND SALIENT DATES AND TIMES IN RESPECT OF
THE MANADATORY OFFER TO FINBOND SHAREHOLDERS BY RVF



1.     INTRODUCTION

       Shareholders of Finbond (Finbond Shareholders) are referred to the firm
       intention announcement released by Finbond on the stock exchange news
       service of the JSE Limited (SENS) on 26 May 2017, regarding the mandatory
       offer required to be made to all Finbond Shareholders by RVF.

       Shareholders are advised that the combined offer circular dated 29 June
       2017, containing full details of the mandatory offer made to Finbond
       Shareholders by RVF and incorporating the Finbond independent board’s
       opinion on such mandatory offer (the “Combined Offer Circular”) has been
       distributed to Finbond Shareholders.

       Copies of the Combined Offer Circular will be made available for
       inspection during normal office hours at the registered office of
       Finbond, from today, 29 June 2017 to Friday, 18 August 2017 and the
       Combined Offer Circular is also available on the company’s website:
       www.finbondlimited.co.za.

2.     IMPORTANT DATES AND TIMES

       The important dates and times relating to the mandatory offer are set
       out in the timetable below. Words and expressions in the timetable and
       notes thereto shall have the same meaning as assigned to them in the
       Combined Offer Circular



                                                                              2017


 Record date to be entitled to receive this Circular on     Thursday, 15 June

 Circular posted to Shareholders and announced on SENS on   Thursday, 29 June

 Opening Date for acceptance at 09:00 on                    Friday, 30 June

 Last Day to Trade in Finbond Shares in order to accept
                                                            Tuesday, 15 August
 the Offer on

 Finbond Shares trade ex the entitlement to accept the
                                                            Wednesday, 16 August
 Offer on

 Record date on                                             Friday, 18 August

 Receipt of acceptances and closing of Offer by 12:00 on    Friday, 18 August

 Payment date on                                            Monday, 21 August

 Results of the Offer announcement released on SENS and
                                                            Monday, 21 August
 settlement of Offer on

 Results of the Offer announced in the press on             Tuesday, 22 August




Notes:

1.   All dates and times are local dates and times in South Africa.

2.   The above dates and times are subject to amendment at the discretion of
     the Offeror, subject to prior written approval from the TRP being
     obtained. Any such amendment will be released on SENS and published in
     the press.

3.   No dematerialisation or rematerialisation of Offer Shares will take place
     between Wednesday, 16 August 2017 and Friday, 18 August 2017, both days
     included.

4.   Offeree Shareholders should note that acceptance of the Offer is
     irrevocable.

5.   Payment of the Offer Consideration to Certificated Offeree Shareholders
     will be made within 6 (six) Business Days of the later of the Offer
     becoming unconditional or the date on which the Offeror receives a
     Certificated Offeree Shareholder’s Form of Acceptance, Surrender and
     Transfer together with the relevant Documents of Title. Payment of the
     Offer Consideration to Dematerialised Offeree Shareholders will be made
     within six Business Days of the later of the Offer becoming unconditional
     or the date on which the CSDPs or Brokers of such Dematerialised Offeree
     Shareholder notify the Transfer Secretaries of the acceptance of the
     Offer.

Johannesburg
29 June 2017


Sponsor to Finbond
Grindrod Bank Limited

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