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NEW AFRICA INVESTMENT LIMITED - Posting of circular, and salient dates and times

Release Date: 29/11/2012 07:05
Code(s): NAI NAN     PDF:  
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Posting of circular, and salient dates and times

           New Africa Investments Limited                            Primedia Proprietary Limited
     (Incorporated in the Republic of South Africa)           (Incorporated in the Republic of South Africa)
         (Registration number 1993/002467/06)                    (Registration number 2005/044403/07)
               Share code: NAI and NAN                                  (“Primedia”) or (“Offeror”)
       ISIN: ZAE000033338 and ZAE000033346
                (“NAIL”) or (“Company”)




POSTING OF CIRCULAR, AND SALIENT DATES AND TIMES



1.     POSTING OF CIRCULAR

       The shareholders of NAIL are referred to the announcement published on SENS on 2 November 2012,
       in terms of which Primedia announced their firm intention to acquire all of the NAIL Ordinary Shares and
       NAIL “N” Ordinary Shares (collectively the “NAIL Shares”) not already held by it (“Offer Shares”), from
       the NAIL Ordinary Shareholders and NAIL “N” Ordinary Shareholders (collectively the “NAIL
       Shareholders”) (the “Offer”).

       The NAIL Shareholders are hereby advised that a circular containing all relevant information on the Offer
       will be distributed today, 29 November 2012.


2.     SALIENT DATES AND TIMES



        Date of posting of the Offer circular to NAIL Shareholders        Thursday, 29 November 2012

        Opening date of the Offer from 9:00                               Friday, 30 November 2012

        Last day to trade over the counter                                Friday, 11 January 2013

        Record date of the Offer at the close of business                 Friday, 18 January 2013

        Closing date of the Offer at 12:00                                Friday, 18 January 2013

        Results of the Offer to be released on SENS                       Monday, 21 January 2013

        Results of the Offer to be published in the press                 Tuesday, 22 January 2013

        Once-off Cash Offer Consideration and Initial Cash Portion        Offer consideration settlement date,
        of the Agterskot Offer Consideration posted to NAIL               being within six business days after
        Shareholders who have not dematerialised their NAIL               the later of the Offer being declared
        Shares (NAIL Shareholders will receive either a direct            wholly unconditional and
        deposit or a posted cheque)                                       acceptance of the Offer

        Once-off Cash Offer Consideration and Initial Cash Portion        Offer consideration settlement date,
        of the Agterskot Offer Consideration paid to the CSDP or          being within six business days after
        Broker, as the case may be, of dematerialised NAIL                the later of the Offer being declared
        Shareholders, whose acceptance of the Offer has been              wholly unconditional and
        received by the transfer secretaries                              acceptance of the Offer

Notes:

1) The above dates and times are subject to amendment by the Offeror provided that such amendment is
    approved by the TRP. Any such change will be announced on SENS and/or published in the press.
2) All times indicated above are South African times.




Johannesburg
29 November 2012




Investment Bank

[Investec Bank Limited Logo]


Legal advisor to NAIL and Primedia
[Edward Nathan Sonnebergs logo]


Sponsor to NAIL
[Investec Bank Limited Logo]

Date: 29/11/2012 07:05:00 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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