ASTORIA INVESTMENTS LIMITED - Postponement of Base Cost Apportionment Announcement

Postponement of Base Cost Apportionment Announcement

RECM AND CALIBRE LIMITED                               ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of South Africa)         (Incorporated in the Republic of Mauritius)
Registration number 2009/012403/06                     Registration number 129785 C1/GBL
Preference Share Code: RACP                            SEM share code: ATIL.N0000
ISIN: ZAE000145041                                     JSE share code: ARA
("RAC")                                                ISIN: MU0499N00015
                                                       (“Astoria”)


POSTPONEMENT OF BASE COST APPORTIONMENT ANNOUNCEMENT

Shareholders are referred to the announcement released on SENS on 24 March 2021 by RAC and
Astoria (“the Announcement”), wherein they were advised of the salient details of the proposed
distribution of 51 150 000 Astoria Shares by RAC in the ratio of 1 Astoria Share for every 1 RAC Share
held, in the form of a pro rata distribution in specie to RAC Shareholders.

Using the terms defined in the Announcement, RAC Shareholders are advised that the Distribution will
take the form of a return of Contributed Tax Capital. RAC Shareholders will have to apportion their base
cost between their RAC Shares and the Astoria Shares they receive.

The base cost apportionment will be made with reference to the closing price of Astoria Shares on the
first trading day post the Distribution, being 19 April 2021, and an announcement will be made in this
regard on SENS on 20 April 2021.

Astoria has made an application to the JSE to lift the suspension of trading in Astoria Shares, and a
further announcement will be made in this regard on Monday, 19 April 2021.


Cape Town
15 April 2021

Corporate Advisor and Transaction Sponsor to RAC
Questco Proprietary Limited

Corporate Advisor and JSE Transaction Designated Advisor to Astoria
Questco Proprietary Limited

Company Secretary of Astoria
Clermont Consultants (MU) Limited

Date: 15-04-2021 04:38:00
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.