KAAP AGRI LIMITED - Update On Previously Announced Acquisition Of Retail Fuel Operations And Properties

Update On Previously Announced Acquisition Of Retail Fuel Operations And Properties

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“the Company”)

UPDATE ON PREVIOUSLY ANNOUNCED ACQUISITION OF RETAIL FUEL OPERATIONS
AND PROPERTIES

1.   Shareholders are referred to the Company’s SENS announcement
     dated 10 November 2017, advising that subsidiaries of the Company
     had entered into a transaction to acquire three retail fuel
     operations, situated in Gauteng and in Limpopo, and two
     accompanying retail fuel related properties (“Acquisition”).

2.   The Company indicated in the abovementioned announcement that it
     was anticipated that the Acquisition would, subject to the
     fulfilment of the conditions precedent detailed in that
     announcement, be implemented on or before 28 February 2018.

3.   Shareholders are advised that certain of the conditions precedent
     to the Acquisition are still in the process of being finalised
     and that the Acquisition has accordingly not yet been implemented.
     The parties have, accordingly, agreed to extend the date by which
     the final conditions precedent are to be fulfilled, to 30 March
     2018.

4.   Shareholders will be advised once these final conditions
     precedent have been fulfilled and the Acquisition implemented.

1 March 2018
Paarl

Transaction adviser and sponsor
PSG Capital

Date: 01/03/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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