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EQS\EQS01\EQS02\ EQS04 - Eqstra Holdings Limited - Closed period Share

Release Date: 29/06/2012 11:10
Code(s): EQS
Wrap Text

EQSEQS01EQS02 EQS04 - Eqstra Holdings Limited - Closed period Share Repurchase Programme EQSTRA HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1998/011672/06) ISIN: ZAE000117123 JSE share code: EQS, EQS01, EQS02, EQS04 ("Eqstra" or "the Company") CLOSED PERIOD SHARE REPURCHASE PROGRAMME In terms of the general authority to repurchase shares granted by shareholders on 16 November 2011, by special resolution, Eqstra has subsequently repurchased approximately nine million ordinary shares to date, equating to two percent of issued share capital. In compliance with the JSE Limited ("JSE") Listings Requirements, shareholders are advised that Eqstra has entered into a repurchase programme to repurchase shares during its closed period. This period commences on 30 June 2012 and ends on 21 August 2012 when the Company`s results are scheduled to be released on SENS. The maximum aggregate consideration payable for the shares to be repurchased in terms of the repurchase programme is R70 million (seventy million rand). The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been agreed in writing with the broker firm. Any repurchases so effected will further be in accordance with the general authority granted by special resolution by shareholders and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act (71 of 2008), as amended. Johannesburg 29 June 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29/06/2012 11:10:01 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.

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