LABAT AFRICA LIMITED - Results of the Labat rights offer and Section 122 Announcement

Results of the Labat rights offer and Section 122 Announcement

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the company”)
ISIN Code: ZAE 000018354 Share code: LAB

RESULTS OF THE LABAT RIGHTS OFFER AND SECTION 122 ANNOUNCEMENT

Shareholders are referred to the SENS announcements dated 13 September 2013, 10 October 2013,
and 19 November 2013 relating to the Labat rights offer circular (“the Rights Offer”) dated
23 December 2013 and the supplementary circular dated 5 May 2014.

In terms of the Rights Offer, Labat offered 202 212 023 new ordinary shares (“the Rights Offer
Shares”) to qualifying Labat shareholders in the ratio of 100 Rights Offer Shares for every 100 Labat
ordinary shares held on the Rights Offer record date.

The Rights Offer was underwritten by the controlling shareholder of Labat, Link Private Equity
Proprietary Limited (“the Underwriter”).

The results of the Rights Offer, which closed on Friday, 23 May 2014, are as follows:

                                                    Number of       % of Rights      Value of Rights @ 15
                                                 rights offer             Offer           cents per share
                                                       shares            shares                      (ZAR)
Rights Offer Shares available for
subscription                                      202 212 023              100%              30 331 803.45
Rights Offer Shares subscribed for by
shareholders                                        5 223 494             2.58%                 783 524.10
Excess applications subscribed for by
shareholders                                           93 300             0.05%                  13 995.00
Rights Offer Shares subscribed for by the
Underwriter                                        51 673 480            25.55%               7 751 022.00
Total                                               5 316 794                                 8 548 541.10

Labat shareholders who have subscribed for the Rights Offer are advised that:

(i)     share certificates will be posted to the holders of certificated Labat shares on or about
        Wednesday, 28 May 2014; and
(ii)    the Central Securities Depository Participant (“CSDP”) or broker accounts of holders of
        dematerialised Labat shares will be credited with the Rights Offer Shares and debited with
        any payments due on Wednesday, 28 May 2014

In addition to the above, in compliance with Section 122(3)(b) of the Companies Act, 2008 (No. 71 of
2008) and paragraph 3.83(b) of the Listings Requirements of the Johannesburg Stock Exchange,
shareholders are advised that Link Private Equity Proprietary Limited’s direct shareholding will
increase to 41.1% of the increased shares in issue pursuant to the underwriting subscription. The
appropriate notification in terms of section 122(1) and 122(2) will be filed with the Takeover
Regulation Panel.

Johannesburg
27 May 2014

Sponsor
Arcay Moela Sponsors Proprietary Limited

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