THE BIDVEST GROUP LIMITED - Acquisition of Ordinary Shares in Amalgamated Appliance Holdings Limited

Acquisition of Ordinary Shares in Amalgamated Appliance Holdings Limited

The Bidvest Group Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1946/021180/06
Share Code: BVT
ISIN: ZAE000117321
(“Bidvest”)


ACQUISITION OF ORDINARY SHARES IN AMALGAMATED APPLIANCE HOLDINGS LIMITED


In accordance with Regulation 98 of the Companies Act, 71 of 2008 (“the Act”), Bidvest has acquired ordinary
shares in Amalgamated Appliance Holdings Limited (“AMAP”) in the open market at a price not greater than the
proposed offer consideration of R3.50 per ordinary share as contemplated in the joint firm intention
announcement released on SENS on 28 November 2012. The joint firm intention announcement included
particulars setting out terms upon which Bidvest intends acquiring the entire issued share capital of AMAP that it
does not already own, by way of a scheme of arrangement in terms of section 114 of the Act.

The above transactions have resulted in Bidvest increasing their beneficial interest in AMAP ordinary shares from
27.6% to 28.3%.

Johannesburg
28 January 2013

Financial Advisor and Sponsor
Investec Corporate Finance

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