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EQS - Eqstra Holdings Limited - Results of the Rights Offer Eqstra Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1998/011672/06 Share Code: EQS ISIN: ZAE000117123 ("Eqstra") RESULTS OF THE RIGHTS OFFER 1. Results of the Rights Offer Shareholders are referred to the announcements released on the Securities Exchange News Service of the JSE Limited on 14 May 2010 and 21 May 2010, relating to a R650 million renounceable rights offer of 154 761 905 new Eqstra ordinary shares ("the Rights Offer Shares") at a subscription price of 420 cents per Rights Offer Share ("the Rights Offer"). The Rights Offer closed at 12:00 on Friday, 25 June 2010 and the results thereof are set out in the table below. Number of % of Rights Rights Offer Offer Shares Shares
Rights Offer Shares available for 154 761 905 100.0 subscription Rights Offer Shares subscribed for 154 261 172 99.7 Excess Rights Offer Shares applied for 52 425 647 33.9 Excess Rights Offer Shares allocated 500 733 0.3 2. Issue of Rights Offer Shares Share certificates will be posted to holders of certificated shares who have followed their rights, on Monday, 28 June 2010. The Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised shares or their renouncees, who have followed their rights, will be credited with the Rights Offer Shares and debited with any payments due on Monday, 28 June 2010. 3. Excess applications The excess Rights Offer Shares applied for were allocated in a manner viewed as equitable in terms of the Listings Requirements of the JSE Limited, taking cognisance of the number of shares held by the shareholder, including those taken up as a result of the Rights Offer, and the number of excess Rights Offer Shares applied for by such shareholder. Share certificates and/or refund cheques will be posted to holders of certificated shares who have applied for excess Rights Offer Shares, on or about Wednesday, 30 June 2010. The CSDP or broker accounts of holders of dematerialised shares who have applied for excess Rights Offer Shares, will be credited with the excess Rights Offer Shares and debited with any payments due, on or about Wednesday, 30 June 2010. 4. Underwriting The Rights Offer was underwritten by Abax Investments (Pty) Ltd and Regarding Capital Management (Pty) Ltd acting for and on behalf of certain of its clients ("the Underwriters"). No Rights Offer Shares were available to be allocated to the Underwriters. Johannesburg 28 June 2010 Investment Bank and transaction sponsor Standard Bank Sponsor Merrill Lynch South Africa (Proprietary) Limited Legal adviser Webber Wentzel Date: 28/06/2010 08:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
