ZEDER INVESTMENTS LIMITED - Implementation of the Disposal of the Logistics Group

Implementation of the Disposal of the Logistics Group

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
(“Zeder” or “the Company”)


IMPLEMENTATION OF THE DISPOSAL OF THE LOGISTICS GROUP


Shareholders are referred to Zeder’s announcement released on the Stock Exchange News
Service of the JSE limited (“SENS”) on 12 November 2021 in terms of which Zeder advised
shareholders of the conclusion of the agreement for the disposal by Zeder Financial Services
Limited, a wholly-owned subsidiary of Zeder, of its shareholding in The Logistics Group
Proprietary Limited (“TLG Disposal”).

Shareholders are advised that the remaining conditions precedent have been met and the
TLG Disposal was implemented on 31 March 2022.

The TLG Disposal comprised an initial disposal consideration for Zeder of R1.35bn, which was
received on 31 March 2022, and additional earn-out payments totalling R218m, payable in
cash. The earn-out payments are generally linked to certain extensions and or renewals of
agreements. The timing of these extensions cannot be determined although it is estimated to
be concluded in the current financial year, but there is no certainty regarding same.

Stellenbosch
1 April 2022


      Transaction Advisor and Sponsor                  Independent Joint Sponsor
                PSG Capital                                 Tamela Holdings




                Legal Advisor                                Project Advisor
                Webber Wentzel                                Khanda Capital

Date: 01-04-2022 10:30:00
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