REX TRUEFORM GROUP LIMITED - Acquisition of a 63.71% stake in Telemedia Proprietary Limited - further update announcement

Acquisition of a 63.71% stake in Telemedia Proprietary Limited - further update announcement

REX TRUEFORM GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO       ISIN: ZAE000250387
JSE share code: RTN       ISIN: ZAE000250395
JSE share code: RTOP ISIN: ZAE000250403
("Rex Trueform" or the "Company")


ACQUISITION OF A 63.71% STAKE IN TELEMEDIA PROPRIETARY LIMITED – FURTHER UPDATE ANNOUNCEMENT


1. Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on
   13 November 2020 regarding the sale of shares agreement ("Agreement"), that the Company, together
   with African and Overseas Enterprises Limited had entered into with the Trustees for the time being of the
   Bretherick Family Trust, Peter Fairbank Bretherick, Ryan David Bretherick, and Stephen Mark Bretherick
   in terms of which Rex Trueform would acquire a 63.71% stake in Telemedia Proprietary Limited (the
   "Transaction"), together with the update in this regard released on SENS on 26 August 2021.

2. The Company advises that the Agreement was amended in writing on 28 January 2022, in respect of the
   following:
   2.1.    The condition precedent requiring the Independent Communications Authority of South Africa to
           provide its written consent to the Transaction (the "Condition Precedent") by an extended date of
           no later than 30 June 2022.

The Condition Precedent remains outstanding. The implementation of the Transaction remains subject to the
fulfilment of the Condition Precedent.

31 January 2022


Sponsor
Java Capital

Date: 31-01-2022 05:30:00
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