SUPER GROUP LIMITED - Completion of acquisition of Lieben and GLS

Completion of acquisition of Lieben and GLS

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
(“Super Group”)

COMPLETION OF ACQUISITION OF LIEBEN AND GLS

Further to the announcement released by Super Group on the
Stock Exchange News Service on Friday, 21 June 2019 notifying
shareholders that Super Group proposed to acquire 65% of
LiebenLogistics Proprietary Limited (“Lieben”) and 51% of GLS
Supply   Chain  Equipment   Proprietary Limited   (“GLS”)(“the
Acquisitions”) Super Group notes:

1. Change in certain values

  Subsequent to the previous announcement the following values
  have changed:

  •   The forward profit after tax price earnings multiple of
      the Lieben subscription is 7.4 times, previously 8.1
      times.
  •   The net asset value of the Lieben subscription will be a
      minimum of R89 972 531, previously R98 752 531.
  •   The forecasted profit after taxation associated with the
      above assets is R103,5 million, previously R94,7 million,
      which is based on the profit warranties from the vendors.

  The above forecast has not been reviewed or reported on by
  Super Group’s external auditors.

2. Conditions Precedent

  Super Group today announces that all conditions precedent to
  the Acquisitions have been fulfilled. Accordingly, the
  Acquisitions were implemented on 3 July 2019

Sandton
4 July 2019

Sponsor
Investec Bank Limited

Date: 04/07/2019 04:14:00 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.