UNICORN CAPITAL PARTNERS LIMITED - Update in respect of the distribution of a circular to shareholders

Update in respect of the distribution of a circular to shareholders

Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: UCP ISIN: ZAE000244745
(“Unicorn” or “the Company”)

UPDATE IN RESPECT OF THE DISTRIBUTION OF A CIRCULAR TO SHAREHOLDERS

Shareholders are referred to the announcement released on SENS dated 9 December 2019, wherein they were
advised that the Company accepted a binding offer by The Reef Group Proprietary Limited (“TRG”) and Calibre
Investment Holdings Proprietary Limited to acquire 51% in aggregate of the issued share capital of a newly
incorporated subsidiary of the Company (“Proposed Transaction”).

The Proposed Transaction meets the definition of a category 1 transaction as contemplated in section 9 of the JSE
Listings Requirements. In addition, the Proposed Transaction is deemed to be a related party transaction in terms of
section 10 of the JSE Listings Requirements as Theunis de Bruyn, a non-executive director of the board of Unicorn
and TRG, an associate of Theunis de Bruyn, classify as related parties.

Having regard to the categorisation and related party aspect of the Proposed Transaction, shareholder approval is
required and therefore a circular convening a general meeting and providing full information on the Proposed
Transaction is required to be distributed to Unicorn shareholders (“Circular”).

A delay in the completion of important processes in the compilation of the Circular has resulted in a delay in the
distribution of the Circular and the JSE has, upon written request by the Company, granted the Company an extension
of time within which to distribute the Circular, which is expected to be distributed by no later than 13 March 2020.

Johannesburg
26 February 2020


Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 26-02-2020 08:00:00
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