PEREGRINE HOLDINGS LIMITED - Finalisation of Restructuring of BEE shareholding in Peregrine

Finalisation of Restructuring of BEE shareholding in Peregrine

PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE code: PGR ISIN code: ZAE000078127
(“Peregrine”)

FINALISATION OF RESTRUCTURING OF BEE SHAREHOLDING IN PEREGRINE

1. Shareholders are referred to previous announcements relating to the restructuring of Peregrine’s BEE
   shareholding in respect of which all resolutions to approve such restructuring were passed by Peregrine
   shareholders at the general meeting held on 4 September 2012.

2. Peregrine shareholders are advised that all the conditions precedent relating to:

    - the specific repurchase of 28 584 059 Peregrine shares (the “repurchased shares”) from Nala
      Empowerment Investment Company Proprietary Limited (“Nala”) and its subsidiary in terms of
      sections 48 and 114 of the Companies Act; and

    - the acquisition by Nala, by way of subscription, of a 20% shareholding in Peregrine Structuring
      Proprietary Limited, being Peregrine’s subsidiary which will house the South African operating
      subsidiaries pursuant to the group’s reorganisation, for a subscription price of R380 million,

(collectively the “transactions”) have been fulfilled and accordingly the transactions have now been
implemented. Application has been made to the JSE Limited for the delisting of the repurchased shares,
which repurchased shares shall be cancelled.

3. Following the cancellation of the repurchased shares, Peregrine’s issued share capital will be comprised
   as follows:

    - Total number of Peregrine shares in issue                                        199 544 705
    - Treasury shares                                                                   10 462 646
    - Net shares in issue                                                              189 082 059

19 October 2012


Sponsor and corporate advisor

Java Capital

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