TIMES MEDIA GROUP LIMITED - Fulfilment Of Suspensive Conditions In Connection With The Disposal Of Interests In Exclusive Books And Van Schaik

Fulfilment Of Suspensive Conditions In Connection With The Disposal Of Interests In Exclusive Books And Van Schaik

TIMES MEDIA GROUP LIMITED
(Formerly Richtrau No. 229 Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2008/009392/06)
Ordinary Share Code: TMG
Ordinary share ISIN: ZAE 000169272
(“TMG” or “the Company”)

FULFILMENT OF SUSPENSIVE CONDITIONS IN CONNECTION WITH THE DISPOSAL OF INTERESTS IN
EXCLUSIVE BOOKS AND VAN SCHAIK

TMG shareholders are referred to the announcements published on SENS on 19 September 2013 and 9
October 2013 as well as in the press on 20 September 2013 and 10 October 2013 (“Disposal
Announcements”), advising that the Company, through two of its wholly owned subsidiaries had
entered into agreements (“Sale Agreements”) related to the sale of:
    • 100% of the business, assets and liabilities of Van Schaik Bookstores, 69.98% of the shares and
       100% of the claims in Bookmark at UP Proprietary Limited and 70% of the shares and 100% of
       the claims in Van Schaik Namibia Proprietary Limited (collectively “Van Schaik”); and
    • 100% of the business, assets and liabilities of Exclusive Books and 40% of the shares and 100% of
       the claims in Airport Bookshop Proprietary Limited (collectively “Exclusive Books”).

Shareholders of the Company are hereby informed that the suspensive conditions set out in the Disposal
Announcements have been fulfilled or waived, as the case me be and, accordingly, the effective date
occurred on 1 December 2013 and 2 December 2013 for Exclusive Books and Van Schaik, respectively,
and the Sale Agreements have become unconditional in accordance with their terms.

3 December 2013
Johannesburg

Financial Advisor
Rand Merchant Bank

Sponsor
PSG Capital

Legal advisor to Times Media
Werksmans Attorneys and Edward Nathan Sonnenbergs Inc

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