SACOVEN PLC - Result of EGM in connection with cancellation of trading on AIM and delisting from the Alt-X and Redemption reminder

Result of EGM in connection with cancellation of trading on AIM and delisting from the Alt-X and Redemption reminder

                                        SACOVEN PLC
                 (Incorporated in Jersey under the Companies (Jersey) Law 1991
                                   (Company number 110296)
                                      AIM Share code: SCN
                                      JSE Share code: SCV
                                     ISIN: JE00B7YH8W36
                               (“Sacoven” or the “Company”)



Result of EGM in connection with cancellation of trading on AIM and delisting from the
                                       Alt-X
                 Reminder regarding redemption of Ordinary Shares

Sacoven shareholders (“Shareholders”) are hereby advised that at the extraordinary general
meeting of Shareholders held today (the “Meeting”), all of the resolutions contained in the notice
of extraordinary general meeting and proposed at the Meeting (the “De-listing Resolutions”),
were passed by the requisite majority of votes.

Shareholders are reminded that, as a result of the De-listing Resolutions being passed, cancellation
of the Company’s Ordinary Shares from trading on AIM will be effective at 7.00a.m. UK time
(10.00a.m. SA time) on 2 December 2016 and trading in the Ordinary Shares on the Alt-X will be
suspended at 7.00a.m. UK time (9.00a.m. SA time) on 30 November 2016 with delisting of the
Ordinary Shares from the Alt-X taking place on 20 December 2016.

Important Information regarding the redemption of Ordinary Shares

Shareholders are reminded that if they wish to apply to have the Company redeem their Ordinary
Shares on the terms and subject to the conditions set out in the Company’s circular to Shareholders
dated 7 November 2016 (which is available on the Company’s website www.sacoven.com) (the
“Circular”), they must do so before 1.00p.m. UK time (3.00p.m. SA time) on 5 December 2016 in
accordance with the procedures set out in the Circular.

Shareholders should be aware that, if they fail to apply to have the Company redeem their Ordinary
Shares, they will lose the right to receive the Redemption Price and will only be entitled to receive
a pro-rata entitlement to the assets that remain in the Company on winding up. Those remaining
assets will be shared pro rata between Brunswood and any other Shareholders that have chosen
not to have their Ordinary Shares redeemed (or have otherwise failed to submit a valid Redemption
Notice or USE Instruction).

An expected timetable of principal events relating to the Delisting and the Redemption is set out below


 Exchange rate to be announced                                 29 November 2016

 Last day of dealing of Ordinary Shares on the Alt-X           29 November 2016*

 Suspension of trading on the Alt-X                             7.00a.m. UK time (9.00a.m. SA
                                                               time) on 30 November 2016

 Last day of dealing of Ordinary Shares on AIM                 1 December 2016
    Cancellation of admission to trading on AIM and record     7.00a.m. UK time (10.00a.m. SA
    date for the termination of trading on the Alt-X           time) on 2 December 2016

    Latest time and date for receipt of Redemption Notices,    1.00p.m. UK time (3.00p.m. SA
    USE Instructions from CREST Shareholders and               time) on 5 December 2016
    elections from CSDPs or brokers on behalf of Strate
    Shareholders

    Redemption Date                                            5 December 2016

    Cheques despatched for certificated Ordinary Shares by no later than 19 December 2016
    redeemed pursuant to the Redemption and payment
    through CREST for uncertificated Ordinary Shares
    redeemed pursuant to the Redemption

    Termination of trading on the Alt-X                         7.00a.m. UK time (9.00a.m. SA
                                                                 time) on 20 December 2016
*
 Shareholders should note that following this time, transfers of Ordinary Shares between the
Company’s register of members and the register maintained to facilitate the transfer of Ordinary
Shares on the Alt-X market will no longer be possible

Each of the times and dates in the above timetable is subject to change. If any of the above times
and/or dates change, the revised times and/or dates will be notified to Shareholders by
announcement through a Regulatory Information Service.

Terms used in the announcement but not defined are as defined in the Circular.

Sacoven has a primary listing on the Alternative Investment Market of the London Stock
Exchange and a secondary listing on the AltX of the Johannesburg Stock Exchange.

23 November 2016
Jersey

JSE Sponsor                               AIM Nomad and Broker
KPMG Services Proprietary Limited         Liberum Capital Limited
                                          Clayton Bush & Christopher Britton
                                          Tel: +44 (0)20 3100 2000




For further information please visit the Company’s website www.sacoven.com

Niall McCallum + 44 (0)1534 823000

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