BEIGE HOLDINGS LIMITED - Results of the Claw-back Offer

Results of the Claw-back Offer

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: ZAE000034161      Share code: BEG


RESULTS OF THE CLAW-BACK OFFER


1. Introduction
   Shareholders are referred to the claw-back offer circular dated 14 April 2015 setting out the
   details of the claw-back offer in terms of which the company issued 3 000 000 000 ordinary
   shares of no par value in its authorised ordinary share capital (“claw-back shares”) for
   subscription by The Lion Match Company (Pty) Ltd (“the subscriber”) for a subscription price
   of R0.02 per claw-back share (“subscription”), which claw-back shares could be clawed back
   by Beige shareholders (recorded in the share register on the record date, being 17 April
   2015) from the subscriber in the ratio of 183.84365 claw-back shares for every 1 Beige share
   held.

2. Results of claw-back offer
2.1 Applications for 163 882 772 claw-back shares constituting 5.46% (excluding the
    allocation to which the subscriber is entitled) of the subscription (“applications”) and
    excess applications for 1 990 533 claw-back shares constituting 0.07% of the subscription
    (“excess applications”) were received from Beige shareholders (or their renouncees). The
    subscription price of R3 317 466.10 in respect of the applications and excess applications
    will be paid to the subscriber. The balance of 2 834 126 695 claw-back shares,
    constituting 94.47% of the subscription (including the allocation to which the subscriber is
    entitled), not applied for by Beige shareholders or their renounces, has been credited to
    the subscriber’s central securities depository participant.

2.2 Following the closing of the claw-back offer, the subscriber holds 4 115 605 724 Beige
    shares, representing 90.57%% of the total issued share capital of Beige.

12 May 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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