MAZOR GROUP LIMITED - Repurchase Announcement

Repurchase Announcement

Mazor Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/017221/06)
Share code: MZR   ISIN: ZAE00109823
("Mazor" or "the company")


REPURCHASE ANNOUNCEMENT

   1. Introduction

      Mazor herewith announces the repurchase of 3,692,089 (3.04% of the issued
      ordinary shares) Mazor ordinary shares, since and in accordance with the
      general authority granted by Mazor shareholders at the annual general meeting
      held on 30 June 2014 (“the repurchase”).

   2. Implementation

      Details are as follows:

          •   Total number of ordinary shares repurchased: 3,692,089
          •   Total Value of ordinary shares repurchased: R4,788,931
          •   Highest price paid per ordinary share: R1.31
          •   Lowest price paid per ordinary shares: R1.23
          •   The number of shares which may still be repurchased by the Company in
              terms of the general authority: 20,608,222
          •   The percentage of ordinary shares which may still be repurchases by the
              Company in terms of the general authority: 16.96%
          •   Number of shares held in treasury after the repurchase: 6,147,426

      The 3,692,089 Mazor ordinary shares will not be cancelled at this stage and as
      a result will be held as treasury shares for the time being.


      The repurchases were effected through the order book operated by the JSE
      limited (“JSE”) and done without any prior understanding or arrangement between
      the Company and the counter parties.

      The repurchases were effected between 18 December 2014 and 12 February 2015.

   3. Source of funds

      Repurchases to date have been funded from available company cash resources.

   4. Opinion of the directors

      The directors of Mazor have considered the impact of the repurchases and are of
      the opinion that:

          •   Mazor and the group will be able, in the ordinary course of business, to
              pay its debts for a period of 12 months from the date of this
              announcement;
          •   the assets of Mazor and the group will be in excess of the liabilities of
              the Company and the group for a period of 12 months after the date of
              this announcement, measured in accordance with the accounting policies
              used in the last published audited financial statements;
          •   the ordinary share capital and reserves of Mazor and the group will be
              adequate for ordinary business purposes for a period of 12 months from
              the date of this announcement; and
          •   the working capital of Mazor and the group will be adequate for ordinary
              business purposes for a period of 12 months from the date of this
              announcement.

   5. Impact of the repurchase on financial information

      The result of the repurchases on the financial information is limited to a
      reduction in cash of R4,788,931 and an increase in treasury shares to 6,147,426
      ordinary shares. There will be no impact on the issued share capital of the
      Company.




Cape Town
16 February 2015

Sponsor: Bridge Capital

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