SANTOVA LIMITED - Notice of Provision of Direct or Indirect Financial Assistance

Notice of Provision of Direct or Indirect Financial Assistance

SANTOVA LIMITED 
("Santova" or "the Company")
Registration Number: 1998/018118/06
Share code: SNV 
ISIN: ZAE000159711

NOTICE OF PROVISION OF DIRECT OR INDIRECT FINANCIAL 
ASSISTANCE IN TERMS OF SECTION 45 OF THE COMPANIES ACT NO. 
71 OF 2008

Shareholders of Santova are referred to the special resolution tabled and 
approved at the Annual General Meeting held on 30 July 2018, authorising 
directors in terms of Section 45 of the Companies Act No. 71 of 2008 ("the 
Act") to provide direct or indirect financial assistance to any company or 
corporation which is related to or inter-related to the Company. In terms of 
Section 45(2) of the Act, the Board has authorised:

*   The Company, and four of its subsidiaries, to provide a suretyship in respect 
     of a liability of Santova International Holdings (Pty) Ltd to Nedbank Limited in 
     the normal course of business in the amount of R75 million.

The Board has confirmed that, after considering the reasonably foreseeable 
financial circumstances of the Company, it is satisfied that, immediately after it 
provided such financial assistance, the Company would satisfy the solvency 
and liquidity test, as contemplated in terms of Section 4 of the Act and that the 
terms under which such financial assistance was given are in compliance with 
the Act. Shareholders are advised that the guarantees provided for the 
subsidiary exceed one tenth of 1% of the Company's net worth as at the 
approval date of the provision of the guarantee.


Durban
25 October 2018
Sponsor and Corporate Adviser
River Group



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