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MTL - Mercantile Bank Holdings Limited - Posting of circular and Notice of General Meeting Mercantile Bank Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 1989/000164/06) Share code: MTL ISIN: ZAE000064721 ("Mercantile" or "the Company" or "the Group") POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING Further to the announcements dated 15 February 2012 and 23 February 2012 regarding the proposed scheme of arrangement and subsequent delisting of Mercantile, whereby the Board of Directors of Mercantile resolved to make an offer of 52 cents per share to minority shareholders to acquire all of their Mercantile ordinary shares and to acquire the option rights from the Mercantile share scheme option holders, Mercantile ordinary shareholders are advised that the circular referred to therein has been posted to Mercantile ordinary shareholders today and will be available on the Mercantile website at http://www.mercantile.co.za. Notice is hereby given that the general meeting of Mercantile regarding the approval of the proposed scheme of arrangement and delisting is to be held at the registered office of Mercantile at the Boardroom, First Floor, Mercantile Bank, 142 West Street, Sandown at 15:00 on Monday, 23 April 2012 for the Mercantile Ordinary Shareholders to consider and, if deemed fit, approve the scheme of arrangement and proposed delisting of Mercantile. The salient dates and times relating to the scheme of arrangement are as follows: Last day to trade Mercantile Ordinary Shares Wednesday, 4 April 2012 in order to be recorded in the Register on the Scheme Voting Record Date on Scheme Voting Record Date being 17h00 on Friday, 13 April 2012 Last day to lodge forms of proxy in respect of Thursday, 19 April 2012 the General Meeting, by 15h00 on Last date and time for Mercantile Ordinary Monday, 23 April 2012 Shareholders to give notice to Mercantile objecting to the respective special resolutions approving the Scheme by 10h00 on General Meeting of Mercantile Ordinary Monday, 23 April 2012 Shareholders to be held at 15h00 on Finalisation Date expected to be on Friday, 4 May 2012 Finalisation Date announcement expected to be Friday, 4 May 2012 published on SENS on Finalisation Date announcement expected to be Monday, 7 May 2012 published in the South African press on Expected last day to trade Mercantile Ordinary Friday, 11 May 2012 Shares on the JSE in order to be recorded in the Register to receive the Scheme Consideration on Suspension of listing of Mercantile Ordinary Monday, 14 May 2012 Shares at the commencement of trade on the JSE expected to be on Last date for Mercantile to send objecting Tuesday, 15 May 2012 Mercantile Ordinary Shareholders notices of the adoption of the respective special resolutions approving the Scheme on Scheme Consideration Record Date to be Friday, 18 May 2012 recorded in the Register in order to receive the Scheme Consideration, expected to be on or about Expected Scheme Operative Date on Monday, 21 May 2012 Payment of the Scheme Consideration expected Monday, 21 May 2012 to be transferred electronically or posted to certificated Scheme Participants (if form of surrender and transfer and Documents of Title are received by the Transfer Secretaries on or before 12h00 on the Scheme Consideration Record Date), on or about Expected termination of listing of Mercantile Tuesday, 22 May 2012 Ordinary Shares on the JSE at the commencement of trade on or about Johannesburg 22 March 2012 Sponsor and Transaction Advisor: Bridge Capital Advisors (Pty) Limited Reporting Accountant and Auditor: Deloitte & Touche Legal Advisor: Eversheds Independent expert: Rand Merchant Bank a division of Firstrand Bank Limited Date: 22/03/2012 17:40:01 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.
