eXtract GROUP LIMITED - Cautionary Announcement

Cautionary Announcement

EXTRACT GROUP LIMITED
(previously Eqstra Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
JSE share code: EXG       ISIN: ZAE000223202
(“eXtract” or “the Company”)


CAUTIONARY ANNOUNCEMENT


On 8 October 2017 the Company received an unsolicited proposal from Wild Rose Capital Proprietary
Limited (“Wild Rose”) in terms of which Wild Rose proposes selling one or more of its portfolio investments
to the Company in consideration for the issue of eXtract shares. Wild Rose will become a shareholder of
eXtract following the unbundling by enX Group Limited ("enX") of its eXtract shares to enX shareholders as
announced on 3 October 2017. Wild Rose has informed the Company that it, together with parties with whom
it is acting in concert, will post the unbundling, in aggregate hold circa 20% of eXtract’s issued shares. The
transaction, if implemented, is likely to result in new executives being appointed to the eXtract board and a
change in the strategic direction of the Company. If implemented, the transaction (i) may trigger a mandatory
offer by the new controlling shareholder/s to the Company’s remaining shareholders (ii) may constitute a
related party transaction in terms of section 10 of the JSE Limited Listings Requirements, (iii) may constitute
a reverse takeover of the Company. The board of directors of the Company is engaging with Wild Rose on
the proposal. Shareholders are advised to exercise caution in dealing in the Company’s shares pending a
further announcement.

10 October 2017

Sponsor                                        Legal advisor to eXtract
Java Capital                                   enS Africa






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