ISA HOLDINGS LIMITED - Section 122 notification and disposal of securities by directors

Section 122 notification and disposal of securities by directors

ISA Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009608/06)
Share code: ISA ISIN: ZAE000067344
(“ISA” or “the Company”)


NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH
3.83(b) OF THE LISTINGS REQUIREMENTS OF JSE LIMITED AND DISPOSAL OF SECURITIES
BY DIRECTORS


Shareholders are referred to the results of general meeting announcement released on SENS on
10 January 2014 in which they were advised that the Specific Repurchase, as detailed in the circular
dated 9 December 2013, was approved by shareholders at the general meeting and accordingly, are
advised that in compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008)
(“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of JSE Limited (“Listings
Requirements”), ISA has received notification in terms of section 122(1) of the Companies Act that
EmpowerGroup Technology Proprietary Limited (“EmpowerGroup”), has disposed of a beneficial interest
in the securities of the Company, such that their remaining beneficial interest amounts to 23.8% of the
total number of securities in issue and 25.1% of the total number of securities in issue net of treasury
shares.

As required in terms of section 122(3)(a) of the Companies Act, ISA has filed the required notice with the
Takeover Regulation Panel.

Due to Messers Alan Naidoo and Andrew Maren being directors of EmpowerGroup, the following is
disclosed in compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements:

 Name of director:                       Alan Naidoo
 Company:                                ISA Holdings Limited
 Class of securities:                    Ordinary shares
 Clearance to deal obtained:             Yes
 Nature of transaction:                  Disposal of shares off market in terms of the Specific Repurchase
 Extent of director’s interest:          Indirect beneficial
 Date of transaction:                    3 February 2014
 Price per security:                     R0.40
 Number of securities:                   8 472 200
 Total value:                            R3 388 880.00

 Name of director:                       Andrew Maren
 Company:                                ISA Holdings Limited
 Class of securities:                    Ordinary shares
 Clearance to deal obtained:             Yes
 Nature of transaction:                  Disposal of shares off market in terms of the Specific Repurchase
 Extent of director’s interest:          Indirect beneficial
 Date of transaction:                    3 February 2014
 Price per security:                     R0.40
 Number of securities:                   8 470 000
 Total value:                            R3 388 000.00


Johannesburg
3 February 2014
Designated Adviser
Merchantec Capital

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