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SFN/SFNP/IQG - Sasfin/IQuad - Update: Results of mandatory offer to IQuad shareholders SASFIN HOLDINGS LIMITED (Incorporated In the Republic Of South Africa) (Registration Number 1987/002097/06) Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 ("Sasfin") IQUAD GROUP LIMITED Incorporated in the Republic of South Africa (Registration Number 2004/025177/06) Share Code: IQG ISIN: ZAE000101622 ("IQuad") UPDATE: RESULTS OF mandatory offer to IQuad shareholders Shareholders are referred to the announcement dated 5 December 2011 regarding a mandatory offer ("the offer") by Sasfin("the offeror") to minority shareholders in IQuad. Shareholders are advised that the updated number of shares surrendered in terms of the offer, which closed at 12:00 on Friday, 2 December 2011 were accepted in respect of 5 375 256 IQuad shares, comprising 33% of the total number of minority shares in IQuad which were the subject of the offer. Accordingly, together with the 12 042 344 ordinary shares (42.9%) purchased by Sasfin and 2 290 000 IQuad ordinary shares(8.2%) purchased from Thembeka Capital Limited in terms of the option agreement as detailed in the above- mentioned circular, and the 5 375 256 offer shares, Sasfin has now acquired a 70% shareholding in IQuad. 08 December 2011 Johannesburg Sponsor and corporate advisor to Sasfin Sasfin Capital A division of Sasfin Bank Limited Corporate Advisor to IQuad PSG Capital (Pty) Ltd Date: 08/12/2011 15:53:00 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.
