UBUBELE HOLDINGS LIMITED - Results of the Ububele Rights Offer

Results of the Ububele Rights Offer

Ububele Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000144739
(“Ububele” or “the Company”)

RESULTS OF THE UBUBELE RIGHTS OFFER

Shareholders are referred to the announcements published on the
Stock Exchange News Service of the JSE Limited on 6 March 2014 and
26 March 2014 and the circular dated 1 April 2014, relating to the
Ububele rights offer (“the Rights Offer”).

In terms of the Rights Offer, Ububele offered 53 336 464 new
Ububele ordinary shares (“the Rights Offer Shares”) to qualifying
Ububele shareholders in the ratio of 29.89413 Rights Offer Shares
for every 100 Ububele ordinary shares held on the Rights Offer
record date.

The Rights Offer was underwritten by Rovic Agri Proprietary
Limited (“the Underwriter”) who, in terms of the underwriting
agreement, also had the right to place any Rights Offer Shares not
subscribed for by Ububele shareholders or the Underwriter, with
third parties.

The results of the Rights Offer, which closed on Thursday, 17
April 2014, are as follows:

                           Number of Rights    % of Rights Offer
                             Offer Shares            Shares
Rights Offer Shares           53 336 464              100%
available            for
subscription
Rights Offer Shares            6 122 109            11.478%
subscribed     for    by
Ububele shareholders
Rights Offer Shares           26 000 000            48.747%
to be issued to the
Underwriter
Rights Offer Shares           21 214 355            39.775%
placed    with     third
parties      by      the
Underwriter

Ububele shareholders who have subscribed for the Rights Offer are
advised that:

  (i)      share certificates will be posted to the holders of
           certificated Ububele shares on or about Tuesday, 22
           April 2014; and
  (ii)     the Central Securities Depository Participant (“CSDP”)
           or broker accounts of holders of dematerialised Ububele
          shares will be credited with the Rights Offer Shares
          and debited with any payments due on Tuesday, 22 April
          2014.


22 April 2014
Designated Adviser
PSG Capital (Pty) Limited

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