ESOR LIMITED - Posting of Circular and Salient Dates and Times in Respect of the Mandatory Offer to Esor Shareholders by Geomer

Posting of Circular and Salient Dates and Times in Respect of the Mandatory Offer to Esor Shareholders by Geomer

ESOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
JSE code: ESR
ISIN: ZAE000184669
(“Esor” or “the company”)

Posting of Circular and Salient Dates and Times in Respect of the Mandatory
Offer to Esor Shareholders by Geomer

1.   Introduction

Shareholders are referred to the firm intention announcement released on the
Stock Exchange News Service of JSE Limited on Friday, 21 October 2016
regarding a mandatory offer required to be made to all Esor shareholders by
Geomer Investments Proprietary Limited (“Geomer”).

Shareholders are advised that a joint circular dated 10 November 2016
containing full details of the mandatory offer made to Esor shareholders by
Geomer and incorporating the Esor independent board’s opinion on such
mandatory offer (the “Mandatory Offer Circular”) has been posted to Esor
shareholders.

Copies of the Mandatory Offer Circular will be made available for inspection
during normal business hours at the registered office of Esor and the office
of Vunani Capital Proprietary Limited, being the corporate advisor and
sponsor to Esor, from 10 November 2016 to 23 December 2016 and is also
available on the company’s website:www.esor.co.za.

2. Important Dates and Times

The important dates and times relating to the mandatory offer are set out in
the timetable below. Words and expressions in the timetable and notes thereto
shall have the same meaning as assigned to them in the Mandatory Offer
Circular.

                                                                                 2016
 Circular posted to Esor Shareholders                            Thursday,10 November
 Mandatory Offer opens at 09:00 on                               Thursday,10 November
 Finalisation announcement released on SENS by no later          Thursday,08 December
 than 11:00 on
 Last day to trade in Esor Shares in order to be eligible        Tuesday, 20 December
 to accept the Mandatory Offer on
 Esor Shares trade ex the Mandatory Offer on                  Wednesday,   21 December

 Mandatory Offer Record Date on                                    Friday,23 December
 Mandatory Offer closes at 12:00 on                                Friday,23 December
 Offer Consideration discharged to Offer Participants          Wednesday, 28 December
 (once Documents of Title have been received)

 Results of the Mandatory Offer Announced on SENS on           Wednesday, 28 December
 Results of the Mandatory Offer to be published in the          Thursday, 29 December
 press on

Notes:

1. The above dates and times are subject to amendment at the discretion of
   the Offeror, subject to prior written approval from the TRP being obtained.
   Any such amendment will be released on SENS and published in the press.
2. The Mandatory Offer is subject to a number of conditions precedent
   including the need potentially for approval from the Competition
   Authorities. The process and the potential impact such approval may have
   on the Closing Date of the Mandatory Offer is set out in paragraph 5 of
   the Mandatory Offer Circular.
3. Certificated Esor Shareholders are required to indicate their acceptance
   of the offer in accordance with the instructions contained in the Mandatory
   Offer Document, to be received by Esor’s Transfer Secretaries by no later
   than 12:00 on the Closing Date.
4. Esor Shareholders whose Esor Shares are held by their CSDPs or Brokers as
   nominee are required to notify their duly appointed CSDP or Broker
   timeously of their intention to accept the Mandatory Offer in the manner
   and time stipulated in the custody agreement governing the relationship
   between the Esor Shareholder and the CSDP or Broker.
5. In the case of Certificated Esor Shareholders who have accepted the
   Mandatory Offer and who have surrendered their Documents of Title, payment
   of the Offer Consideration will be made by cheque or deposited directly
   into each such Esor Shareholder’s bank account, whichever a Esor
   Shareholder may instruct, at the risk of the Esor Shareholder concerned.
6. In the case of Esor Shareholders whose Esor Shares are held by their CSDPs
   or Brokers as nominee, payment of the Offer Consideration will be made by
   crediting their accounts at the CSDP or Broker, as the case may be, in
   accordance with the custody agreement governing the relationship between
   the Esor Shareholder and the CSDP or Broker concerned.
7. All dates and times indicated above are South African dates and times.



Germiston
10 November 2016

Corporate Advisor and Sponsor
Vunani Corporate Finance

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