GO LIFE INTERNATIONAL LIMITED - Properties of Bon Healthcare Property Holdings (Pty) Limited (Bon Healthcare) and Cautionary Announcement

Properties of Bon Healthcare Property Holdings (Pty)  Limited (“Bon Healthcare”) and Cautionary Announcement

GO LIFE INTERNATIONAL LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 098177 C1/GBL)
Primary Listing SEM share code: GOLI.N0000
Secondary Listing JSE share code: GLI ISIN: MU0330N00004
(“the Company” or “Go Life”)

PROPERTIES OF BON HEALTHCARE PROPERTY HOLDINGS PROPRIETARY LIMITED (“BON HEALTHCARE”)
AND CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the SENS announcement of 22 November 2019 wherein the Company
advised that Go Life will be undertaking a comprehensive restructuring of its business. This had been
brought about as a result of a number of developments that necessitated a comprehensive review
of the business. This included the review of the possible restructuring and or disposal of the Bon
Healthcare Property portfolio, for which interest was received from two parties.

Shareholders are advised that it has come to the attention of the Board that the properties of Bon
Healthcare have been attached or alienated as part of the liquidation of the Charles Calitz Trust
(“CCT”), which was the original vendor. The attachment has been opposed by CCT as Go Life had
acquired the properties. The Board has also been informed that its 49% interest in the frail care
operations may have been compromised. The Company is investigating the background to what
occurred and will be taking steps to protect its rights in terms of the properties as well as its 49%
interest in the frail care operations.

Accordingly, Go Life shareholders are advised to exercise caution when dealing in their securities
until a further announcement is made.

Go Life has its primary listing on the Stock Exchange Mauritius and a secondary listing on the AltX of
the JSE

For and on behalf of the board
Mauritius
3 July 2020

Executive Directors:                                                          Non-Executive Directors:
Mxolisi Motau                                                                  Mohamed Yusuf Sooklall
Mr Patrick Wysoczanski                                                                  Dr Peter Koll
 
JSE Sponsor:
Arbor Capital Sponsors

Date: 03-07-2020 01:00:00
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