EFFICIENT GROUP LIMITED - Results of general meeting and changes to the board of directors

Results of general meeting and changes to the board of directors

EFFICIENT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/036947/06)
JSE share code: EFG ISIN: ZAE 000151841
(“the Company” or “Efficient”)

RESULTS OF GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS

Shareholders are referred to the Efficient circular issued on 6 February 2014 relating to:

-       the proposed acquisition by Efficient of all of the shares in Verso Investment Services
        Proprietary Limited (“VIS”) (“the acquisition”);
-       upon implementation of the acquisition, the granting of financial assistance, as contemplated
        in section 45 of the Companies Act, 2008, by Efficient to VIS;
-       the proposed specific issue of 937 500 Efficient shares for cash at a price of R1.60 per share to
        LLA Attorneys Incorporated in discharge of the Company’s obligation to make payment of a
        corporate advisory fee in relation to the acquisition, subject to the implementation of the
        acquisition;
-       the proposed specific issue of 680 000 Efficient shares for cash at a price of R2.50 per share to
        employees of the VIS group, subject to the implementation of the acquisition; and
-       the proposed specific issue of 1 624 400 Efficient shares for cash at a price of R2.50 per share
        to employees of the Efficient group,

and enclosing:

-       a notice of general meeting of Efficient shareholders (“the notice”).

Shareholders are advised that at the Company’s general meeting held today at 81 Dely Road,
Hazelwood, Pretoria:

-       all shareholder resolutions set out in the notice were passed by the requisite majority of
        shareholders; and
-       accordingly, with effect from 7 March 2014, Mr Christo Burger has been appointed as a
        director of the board of directors of the Company and Mr Fred Liedtke has been appointed
        as his alternate.

7 March 2014


Corporate advisor and sponsor

Java Capital

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