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Further Market Update:Listing of Foodservice Operations
The Bidvest Group Limited
Incorporated in the Republic of South Africa
(Registration number 1946/021180/06)
Share Code: BVT ISIN: ZAE000117321
(“Bidvest” or “the Company”)
FURTHER MARKET UPDATE: LISTING OF FOODSERVICE OPERATIONS
Bidvest shareholders (“Shareholders”) are referred to the Company’s announcement of September
10 2014 in which the Company informed Shareholders that its board of directors (“Board”) had
appointed Barclays Bank PLC and Investec Bank Limited to perform a preliminary evaluation of the
merits of listing the Company’s foodservice operations on the London Stock Exchange (including an
inward secondary listing on the JSE) (“Potential Listing”).
Following the conclusion of the preliminary evaluation of the Potential Listing, as well as a review of
the strategic positioning of the Bidvest Group as a whole, the Board has concluded that the Potential
Listing will not, in current circumstances, be in Shareholders' best interest. The strategic review has
identified new opportunities in regard to the Group’s operations which will be pursued over time.
The Board strongly believes that enhancement of shareholder value will best be served by continued
focus on the strategic objective of increasing Bidvest’s scale through organic expansion and
acquisitions both locally and internationally.
Accordingly, the Board has concluded that the Potential Listing will not be pursued.
Johannesburg
November 3 2014
Joint Financial Advisors to Bidvest
Investec Bank Limited and Barclays Bank plc
Sponsor to Bidvest
Investec Bank Limited
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