TIMES MEDIA GROUP LIMITED - Amendment to the disposal of interests in Exclusive Books

Amendment to the disposal of interests in Exclusive Books

TIMES MEDIA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/009392/06)
Ordinary Share Code: TMG
Ordinary share ISIN: ZAE 000169272
(“the Company” or “Times Media”)



AMENDMENT TO THE DISPOSAL OF INTERESTS IN EXCLUSIVE BOOKS



Shareholders are referred to the SENS announcement dated 19 September 2013 as well as the press
announcement on 20 September 2013, wherein shareholders were advised, inter alia, that Times
Media had disposed of 100% of the business, assets and liabilities of Exclusive Books and 40% of the
shares and 100% of the claims in Airport Bookshop Proprietary Limited (collectively “Exclusive
Books”), in terms of a sale agreement concluded on 19 September 2013 (“Sale Agreement”).

Shareholders are hereby advised that Times Media has entered into an addendum to the Sale
Agreement and a new sale agreement (“New Sale Agreement”), both dated 9 October 2013, in terms
of which the purchaser of Exclusive Books will now be a consortium led by Global Capital Proprietary
Limited (in its capacity as the disclosed partner for an en commandite partnership, which includes
Benjamin Trisk and Mark Barnes) who replaces Medu Capital Proprietary Limited, acting through
Medu III General Partner Proprietary Limited (in its capacity as the disclosed partner of an en
commandite partnership). Except for this change the purchasing consortium remains unchanged.
The Sale Agreement will therefore be replaced with the New Sale Agreement.

The material terms and conditions of the Sale Agreement, as announced on SENS on 19 September
2013, remain the same in the New Sale Agreement, save for the change in the purchaser as set out
above.

9 October 2013
Johannesburg

Sponsor
PSG Capital

Financial Advisor
Rand Merchant Bank

Legal advisor
Edward Nathan Sonnenbergs Inc

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