AFRICAN AND OVERSEAS ENTERPRISES LD - TRP121: Notification of changes of beneficial interests in securities

TRP121: Notification of changes of beneficial interests in securities

AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO       ISIN: ZAE000000485
JSE share code: AON       ISIN: ZAE000009718
JSE share code: AOVP      ISIN: ZAE000000493
(“AOE”)


TRP121: NOTIFICATION OF CHANGES OF BENEFICIAL INTERESTS IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”) and
Regulation 121(2)(b) of the Companies Act Regulations, 2011 (“the Regulations”), shareholders are
advised that AOE has received notifications from:

-    Brimstone Investment Corporation Limited (“Brimstone”) of the disposal by Brimstone of their entire
     beneficial interest in AOE’s “N” ordinary shares and ordinary shares (Brimstone previously held
     25.02% of AOE’s total issued “N” ordinary shares and 20.33% of AOE’s total issued ordinary shares);

-    Lion of Africa Insurance Company Limited (“Lion of Africa”) of the disposal by Lion of Africa of
     their entire beneficial interest in AOE’s “N” ordinary shares (Lion of Africa previously held 11.32% of
     AOE’s total issued “N” ordinary shares); and

-    A consortium consisting of Geomer Investments Proprietary Limited, The Ceejay Trust, Gingko
     Trading Proprietary Limited and Gingko Investments No. 2 Proprietary Limited (collectively, “the
     Consortium”) of the acquisition by the Consortium of AOE “N” ordinary shares and AOE ordinary
     shares, such that the Consortium now holds 81.07% of AOE’s total issued “N” ordinary shares and
     33.87% of AOE’s total issued ordinary shares.

The acquisition by the Consortium of the AOE ordinary and “N” ordinary shares referred to above has
triggered the requirement in terms of the Companies Act, as read with the Regulations, for the Consortium to
make a mandatory and comparable offer to AOE’s ordinary and “N” ordinary shareholders respectively. A
further announcement in this regard will be released on SENS in due course.

21 April 2016


Sponsor
Java Capital

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