SANTOVA LIMITED - Notice of provision of direct or indirect financial assistance in therms of section 45 of The Companies Act No. 71

Notice of provision of direct or indirect financial assistance in therms of section 45 of The Companies Act No. 71

SANTOVA LIMITED 
("Santova" or "the Company")
Registration Number: 1998/018118/06
Share code: SNV 
ISIN: ZAE000159711 


NOTICE OF PROVISION OF DIRECT OR INDIRECT FINANCIAL 
ASSISTANCE IN TERMS OF SECTION 45 OF THE COMPANIES ACT NO. 
71 OF 2008

Shareholders of Santova are referred to the special resolution tabled and 
approved at the Annual General Meeting held on 28 July 2015, authorising 
directors in terms of Section 45 of the Companies Act No. 71 of 2008 ("the 
Act") to provide direct or indirect financial assistance to any company or 
corporation which is related to or inter-related to the Company.  In terms of 
Section 45(2) of the Act, the Board has authorised the Company to:

 - Provide a suretyship in respect of the liability of one of its subsidiaries to 
Nedbank Limited in the normal course of business in the amount of R192 
million; and

 - Provide approval for two of its subsidiaries to provide a suretyship in respect 
of a liability of the Company to Nedbank Limited in the normal course of 
business in the amount of R60 million.

The Board has confirmed that, after considering the reasonably foreseeable 
financial circumstances of the Company, it is satisfied that, immediately after it 
provided such financial assistance, the Company would satisfy the solvency 
and liquidity test, as contemplated in terms of Section 4 of the Act and that the 
terms under which such financial assistance was given were fair and 
reasonable to the Company.  Shareholders are advised that the guarantees 
provided for the subsidiary exceed 1/10th of 1% of the Company's net worth 
as at the approval date of the provision of the guarantee. 


Durban
24 November 2015
Sponsor and Corporate Adviser
River Group



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