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MTL - Mercantile - Finalisation Announcement 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") FINALISATION ANNOUNCEMENT Mercantile ordinary shareholders are referred to the announcement published on SENS on 23 April 2012 and in the press on 24 April 2012, regarding the approval at the shareholders meeting, by the requisite majority of shareholders present and voting in person or by proxy, of the scheme of arrangement and delisting of Mercantile ("the scheme"). Shareholders are hereby advised that all conditions precedent to the scheme, as detailed in the circular issued to Mercantile shareholders on 22 March 2012 have been fulfilled and accordingly the scheme is now unconditional. The salient dates and times relating to the implementation of the share scheme are as follows: 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 Monday, 14 May 2012 ordinary shares at the commencement of trade on the JSE on Scheme Consideration Record Date to be Friday, 18 May 2012 recorded in the Register in order to receive the Scheme Consideration on Scheme Operative Date and on Monday, 21 May 2012 Payment or delivery of the Scheme Monday, 21 May 2012 Consideration on or about Termination of listing of Mercantile Tuesday, 22 May Ordinary Shares on the JSE at the 2012 commencement of trade on No Mercantile share certificates may be dematerialised or rematerialised after Friday, 11 May 2012. Johannesburg 4 May 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: 04/05/2012 09:52:01 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.
