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SPG - Super Group Limited - Update On Super Group`s Disposals, Withdrawal Of Cautionary Announcements And Renewal Of Cautionary Announcement SUPER GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 1943/016107/06 Share code: SPG ISIN: ZAE000011334 ("Super Group") UPDATE ON SUPER GROUP`S DISPOSALS, WITHDRAWAL OF CAUTIONARY ANNOUNCEMENTS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT 1. UPDATE ON SUPER GROUP`S DISPOSALS 1.1 HERMANS Shareholders were advised on 31 July 2009 that agreement had been reached in terms of which Super Group Trading (Pty) Limited ("SGT"), the Super Group subsidiary which held an effective 75.01% interest in a company known as Africa Truck Accident Repairs (Proprietary) Limited trading as "Hermans" ("ATAR"), would acquire the outstanding 24.99% effective interest and claims in ATAR from Andre and Steven Herman for a nominal cash payment. Simultaneously, the assets and liabilities of ATAR were sold to Andre and Steven Herman for R50 million ("the Hermans Transaction"). The financial effects of the Hermans Transaction are insignificant and will be disclosed in the Partcorp Holdings Limited ("AutoZone") circular in due course. All the conditions precedent have been fulfilled. 1.2 MICA BRAND Shareholders were advised on 3 November 2009 that Super Group had signed an agreement with Burgundy Rose Trading 64 Limited, a Mica-led consortium to dispose of the Mica franchise business (conducted as a going concern by Power Plus Performance, a wholly owned subsidiary of Super Group ("Mica Brand Transaction"). The financial effects of the Mica Brand Transaction are insignificant and will be disclosed in the AutoZone circular in due course. All the conditions precedent have been fulfilled. 1.3 EMERALD AND AUTOZONE Shareholders are advised that negotiations are still in progress relating to the proposed disposal of 100% of Super Group`s interest in Emerald Insurance Company Limited to Santam Limited and the acquisition of the entire issued share capital of Partcorp Holdings Limited ("AutoZone"), a 95% held subsidiary of Super Group to a consortium of investors led by RMB Corvest. Further developments will be communicated to shareholders and shareholders should therefore continue to exercise caution when dealing in Super Group shares. 2. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENTS FOR HERMANS AND MICA BRAND Shareholders are advised that they are no longer required to exercise caution when dealing in Super Group shares in relation to the Hermans and the Mica Brand Transactions. 9 February 2010 Sandton Financial advisor and Sponsor Deutsche Securities (SA) (Proprietary) Limited Corporate law advisors Fluxmans Attorneys Reporting accountants KPMG Date: 09/02/2010 17:04:30 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
