ADCOCK INGRAM HOLDINGS LIMITED - Exemption from the Takeover Regulation Panel

Exemption from the Takeover Regulation Panel

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram”)

CFR Pharmaceuticals S.A.
(Incorporated in the Republic of Chile)
Chilean Tax ID: 76.116.242-K
Securities Regulation Chilean Registry number: 1067
Share Code on the Santiago Stock Exchange: CFR
ISIN: CL0001762831
(“CFR”)

EXEMPTION   FROM   THE   TAKEOVER  REGULATION  PANEL   (“TRP”)  AND
CONFIRMATION THAT THE TERMINATION AGREEMENT CONCLUDED ON 7 FEBRUARY
2014(“TERMINATION AGREEMENT”) IS NOW EFFECTIVE

Adcock Ingram shareholders are referred to the joint announcement
released on the Stock Exchange News Service of the JSE Limited by
Adcock Ingram and CFR (“the Parties”) on Friday, 7 February 2014,
advising that the Parties had entered into a Termination Agreement
providing for the consensual termination of the Transaction
Implementation Agreement concluded between the Parties on 11
September 2013, as amended (“TIA”)and the termination of the scheme
of arrangement proposed between Adcock Ingram and the holders of
Adcock Ingram ordinary shares (other than the holder of treasury
shares) in relation to the CFR offer (“Scheme”).

In terms of the Termination Agreement, the termination of the TIA
and the Scheme was conditional upon receipt of written exemption
from the TRP from, among other things, the application of regulation
101 (2) of the Companies Regulations, 2011.

Adcock Ingram shareholders are advised that CFR has now received the
requisite exemption from the TRP and, accordingly, the Termination
Agreement is now effective.

For Adcock Ingram media enquiries:

Brunswick
Carol Roos
+27 72 690 1230
Marina Bidoli
+27 83 253 0478

For CFR media enquiries

Mark Garraway
+27 82 610 1226
Midrand
13 February 2014

Financial Adviser and Sponsor to Adcock Ingram
Deutsche Bank

Legal Adviser to Adcock Ingram in South Africa
Read Hope Phillips Attorneys

Public Relations Adviser to Adcock Ingram
Brunswick

Financial Adviser to CFR
Credit Suisse

Legal Adviser to CFR in South Africa
Bowman Gilfillan Inc.

Legal Adviser to CFR in Chile
Honorato Russi & Eguiguren Limitada

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