eXtract GROUP LIMITED - Correction to the ratio apportionment of expenditure and market value in respect of the Unbundling

Correction to the ratio apportionment of expenditure and market value in respect of the Unbundling

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


Correction to the ratio apportionment of expenditure and market value in respect of the
unbundling by eXtract of the enX Consideration Shares

1. Introduction

   eXtract ordinary shareholders (“eXtract Shareholders”) are referred to the announcement
   released on the Stock Exchange News Service operated by the JSE Limited on 17 November
   2016, advising eXtract Shareholders of the apportionment ratio in which the expenditure
   incurred and the market value of eXtract Shares must be apportioned for South African tax
   purposes between the Unbundled enX Shares and the eXtract Shares held at the time of the
   Unbundling.

2. Correction to the apportionment ratio

   eXtract Shareholders are hereby advised that the expenditure and market value of their eXtract
   Shares must be apportioned in the ratio of 13.88293% to an eXtract Share and 86.11707% to an
   Unbundled enX Share.

THIS ANNOUNCEMENT IS NOT INTENDED TO BE A COMPLETE ANALYSIS OF THE TAX IMPLICATIONS
OF THE UNBUNDLING. IT IS NOT INTENDED TO BE, NOR SHOULD IT BE CONSIDERED TO BE, LEGAL OR
TAX ADVICE. EQSTRA SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN PROFESSIONAL TAX
ADVISORS ON THE TAXATION CONSEQUENCES OF THE UNBUNDLING IN BOTH SOUTH AFRICA AND
THEIR JURISDICTION OF RESIDENCE AND THE CALCULATION OF THEIR COSTS FOR TAX PURPOSES.


18 November 2016

Johannesburg

Corporate Advisor: Rothschild (South Africa) Proprietary Limited
Transaction Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Legal Advisor: Werksmans Inc.

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