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BAT - Brait SE - Bonus share issue BRAIT SE (Registered in Malta as a European Company) (Registration No.SE1) Share code: BAT & ISIN: LU0011857645 ("Brait" or "the Company") BONUS SHARE ISSUE Shareholders are referred to the annual results announcement released on SENS on 6 June 2012 ("the results announcement") relating to the Bonus Share Issue and Cash Dividend Alternative. The number of Brait New Shares ("New Shares") to which shareholders will be entitled pursuant to the Bonus Share Issue will be determined by such shareholder`s shareholding in Brait as of 10 August 2012 ("Record date") in relation to the ratio that 20.59 ZAR cents (2.13 Euro cents) bears to ZAR22.62 cents, being the 60-day volume weighted average price ("VWAP") of ordinary Brait shares on the Luxembourg Stock Exchange and the Johannesburg Securities Exchange during the trading period ending on Monday 4 June 2012. This conversion ratio amounts to 0.91026 per every 100 Brait shares held by the shareholder at the Record date. Fractions and fractional entitlements are not possible due to various corporate law and listings requirements. Accordingly, where a shareholder`s entitlement to New Shares calculated in accordance with the above formula gives rise to a fraction of an ordinary share, such fraction of an ordinary share will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction is less than 0.5. The related circular and form of election, containing full details of the Bonus Share Issue and Cash Dividend Alternative will now be posted to shareholders on Tuesday, 3 July 2012, together with the annual report (and notice of AGM containing the proposed resolutions necessary for the implementation of the Bonus Share Issue and Cash Dividend Alternative) instead of 22 June 2012, as was previously indicated in the results announcement. The rest of the salient dates contained in the results announcement remain unchanged. 22 June 2012 Malta Merchant bank and sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 22/06/2012 16:00:01 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.
