TISO BLACKSTAR GROUP SE - Transaction Update Shareholder Support Post Issue Of The Circular

Transaction Update – Shareholder Support Post Issue Of The Circular

TISO BLACKSTAR GROUP SE
(Incorporated in England and Wales)
(Registration number: SE000110)
(Registered as an external company with
limited liability in the Republic of South Africa
under registration number: 2011/008274/10)
Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or "the Company")

TRANSACTION UPDATE – SHAREHOLDER SUPPORT POST ISSUE OF THE CIRCULAR

Capitalised terms used below and elsewhere in this announcement and that are not otherwise
defined, bear the meaning ascribed to them in the circular to Tiso Blackstar shareholders
(“Shareholders”), dated 31 July 2020 (“Circular”).

Tiso Blackstar is pleased to advise Shareholders that since the posting of the Circular it has
received further support from Shareholders for the transactions proposed in the Circular,
being, the Scheme, KTH Sale, Delisting and Standby Offer.

Accordingly, Shareholders are hereby advised that, as at the date of this announcement, Tiso
Blackstar has procured Irrevocable Undertakings and indications of support from
Shareholders holding approximately 62.64% of the Tiso Blackstar Shares in issue (net of
treasury shares) to vote in favour of the Scheme, the Special Resolution, the Delisting
Resolution and the Standby Offer Resolution. The Delisting Resolution and Standby Offer
Resolution only require the approval by Shareholders holding 50% of the votes cast at the
general meeting.

In addition, as at the date of this announcement, Tiso Blackstar has procured Irrevocable
Undertakings and indications of support from Shareholders holding approximately 55.95% of
the Tiso Blackstar Shares in issue that are eligible to vote (net of treasury shares), to vote in
favour of the KTH Sale Resolution. The KTH Sale Resolution only requires the approval by
Shareholders holding 50% of the votes cast at the general meeting.

London
25 August 2020



Sponsor                           Corporate Advisor                              English Legal advisor

PSG Capital                       Vestra Advisory                                Paul Hastings


                                                                                 SA Legal Advisor
Independent Expert               Independent Reporting Accountants
                                                                                 Cliffe Dekker Hofmeyr
BDO                              Deloitte & Touche and PricewaterhouseCoopers

Date: 25-08-2020 02:50:00
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