CSG HOLDINGS LIMITED - Update Regarding The Offer

Update Regarding The Offer

CSG Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011359/06)                                                     
Share Code: CSG
ISIN ZAE000184438                                            
(“CSG” or “the Company”)

ARC Fund
an en commandite partnership, represented by
the General Partner

UPDATE REGARDING THE OFFER

1. UPDATE TO SHAREHOLDERS

   Further to the Circular dated 18 November 2021 and the results of general meeting announcement
   dated 20 December 2021 (and using the terms defined in the Circular), Shareholders are advised
   that the Offer remains subject to the fulfilment or waiver of the remaining Conditions Precedent
   (which predominantly relates to the receipt of approval from the appropriate Competition Authorities)
   as set out in the Circular.

   The salient dates and times relating to the Offer as disclosed in the Circular remain unchanged and
   it is still expected that the Offer will remain open until 12h00 on Friday, 8 April 2022. Any changes
   to the salient dates and times will be released on SENS and if required, published in the press.

   The Circular is available on the CSG website at: https://csggroup.co.za/investor-documents/

   Certificated Shareholders who wish to accept the Offer are required to complete the form of
   acceptance attached to the Circular, whereas Dematerialised Shareholders are required to notify
   their CSDPs or brokers of their acceptance in order for their CSDP or broker to act on their behalf.

2. THE INDEPENDENT BOARD AND CSG BOARD RESPONSIBILITY STATEMENT

   The Independent Board and the Board (to the extent that the information relates to CSG), collectively
   and individually, accept responsibility for the information contained in this announcement and certify
   that, to the best of their knowledge and belief, the information contained in this announcement
   relating to CSG is true and this announcement does not omit anything that is likely to affect the
   importance of such information.

3. OFFEROR RESPONBSIBILITY STATEMENT

   The Offeror and (to the extent that the information relates directly to the Offeror) accepts
   responsibility for the information contained in this announcement and certify that, to the best of its
   knowledge and belief, the information contained in this announcement relating to the Offeror is true
   and this announcement does not omit anything that is likely to affect the importance of such
   information.

Pretoria

4 February 2022

Corporate Advisor to CSG: Deloitte Capital Proprietary Limited

Transaction Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited

Legal Advisor to CSG: CMS RMPartners Proprietary Limited

Legal Advisor to ARC Fund: Webber Wentzel

Date: 04-02-2022 12:40:00
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