AFRICAN AND OVERSEAS ENTERPRISES LD - Update in respect of the mandatory and comparable offer to be made to the shareholders of African and Overseas

Update in respect of the mandatory and comparable offer to be made to the shareholders of African and Overseas

AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO       ISIN: ZAE000000485
JSE share code: AON       ISIN: ZAE000009718
JSE share code: AOVP      ISIN: ZAE000000493
(“African and Overseas” or the “Company”)


UPDATE IN RESPECT OF THE MANDATORY AND COMPARABLE OFFER TO BE MADE TO THE ORDINARY AND “N” ORDINARY SHAREHOLDERS 
OF AFRICAN AND OVERSEAS

Shareholders are referred to the announcement released on SENS on Wednesday, 18 May 2016. Shareholders are
advised that the Takeover Regulation Panel has approved an additional extension to accommodate the necessary
regulatory approvals and it is anticipated that a combined offer circular, containing full details of the mandatory 
and comparable offer to be made to African and Overseas ordinary and “N” ordinary shareholders by a consortium
consisting of Geomer Investments (Pty) Ltd, The Ceejay Trust, Gingko Trading (Pty) Ltd and Gingko Investments
No. 2 (Pty) Ltd and incorporating the African and Overseas independent board’s opinion on such offer and the offer
consideration will be posted to African and Overseas shareholders on or about 9 June 2016.

A further announcement will be released on SENS once the combined offer circular has been posted to African and
Overseas ordinary and “N” ordinary shareholders.

1 June 2016


Corporate Advisor and Sponsor to African and Overseas

Java Capital


Corporate Advisor to the Consortium
Investec Bank Limited
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