TIMES MEDIA GROUP LIMITED - Acquisition of remaining interest in BDFM

Acquisition of remaining interest in BDFM

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")

ACQUISITION OF REMAINING INTEREST IN BDFM

1.   ACQUISITION AGREEMENT - UNCONDITIONAL

1.1. Shareholders are referred to the announcement released on SENS on
     Monday, 15 April 2013 regarding the acquisition by Avusa Publishing
     Proprietary Limited (“Avusa Publishing”), a subsidiary of TMG, of the
     50%   shareholding   held   by   Pearson  Overseas   Holdings   Limited
     (“Pearson”)   in   BDFM   Publishers  (Pty)  Limited   (“BDFM”)   (“the
     Acquisition”), the successful implementation of which would result in
     Avusa Publishing becoming the sole shareholder of BDFM (“the
     Acquisition Announcement”).

1.2. Further to the Acquisition Announcement, shareholders are advised
     that the agreement entered into between Avusa Publishing, Pearson and
     BDFM in respect of the Acquisition, has become unconditional in
     accordance with its terms.

2.   EFFECTIVE DATE

     The effective date of the Acquisition is Tuesday, 25 June 2013.



21 June 2013

Johannesburg


Sponsor: PSG Capital Proprietary Limited

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