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TMT - Trematon Capital Investments Limited - Investment in Manor Group Retirement Holdings (Proprietary) Limited Trematon Capital Investments Limited (Incorporated in the Republic of South Africa) Registration number 1997/008691/06 Share code: TMT ISIN: ZAE000013991 ("Trematon" or "the Company") Investment in Manor Group Retirement Holdings (Proprietary) Limited 1 Introduction Shareholders are advised that Trematon has entered into an agreement in terms of which it has acquired a 35% interest in Manor Group Retirement Holdings (Proprietary) Limited and its associated entities including Cle du Cap retirement village (collectively hereinafter referred to as "Manor Enterprises"). 2 Details of the business of Manor Enterprises Manor Enterprises is the operator and/or owner of a group of 6 retirement villages and their associated health care facilities, 5 of which are located in the Western Cape. The villages include Cle du Cap, Bridgewater Manor, Noordhoek Manor, Heritage Manor, Onrus Manor and Riverside Manor (Sunninghill). 3 Rationale for the investment The investment offers a reasonably priced entry into a stable and growing market for the ownership and management of retirement villages and their associated facilities. The business of Manor Enterprises has excellent economic characteristics in that it has a highly regarded and competent management team, a stable customer base with strong demand for the product and the potential for expansion into related businesses. More information on the business of Manor Enterprises can be found at www.manorenterprises.co.za. 4. Terms of the acquisition 4.1 The vendor The interest was purchased from the Pimlico Investment Trust. 4.2 Terms and purchase consideration The total purchase consideration is R17.5 million which will be funded from borrowings. There are no outstanding conditions precedent. 4.3 Effective date The effective date of the investment is 31 May 2008. 5 Financial information The acquisition will not have a significant effect on the earnings and headline earnings or net asset value and tangible net asset value of the company. This announcement is published in terms of the JSE Listings Requirements as the acquisition constitutes a category 2 transaction for the company. 5 June 2008 Cape Town Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 05/06/2008 12:29:07 Supplied by www.sharenet.co.za 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.
