CAPE EMPOWERMENT LIMITED - Fianlisation Announcement - Pro Rata Offer and Delisting

Fianlisation Announcement - Pro Rata Offer and Delisting

CAPE EMPOWERMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/001807/06)
JSE code: CAP ISIN: ZAE000145066
(“CEL” or “the company”)

FINALISATION ANNOUNCEMENT: PRO RATA OFFER AND DELISTING

Further to the posting of a circular to CEL shareholders (“the circular”) and the announcement released on SENS on
1 March 2013 in respect of:

-   a pro rata offer to be made by the company to all CEL shareholders to purchase all CEL shareholders’ shares in the
    company in terms of section 48 of the Companies Act, 2008 (“the Companies Act”) for an offer price of 36 cents per
    CEL share or 1 Ascension Properties Limited B unit for every 5 CEL shares held (the “offer”) to be effected by way of a
    scheme of arrangement in terms of section 114 of the Companies Act (the “scheme”); and

-   the delisting of all CEL shares from the JSE Limited (the “delisting”),

CEL shareholders are advised that the TRP has today issued a compliance certificate in terms of section 119(4) of the
Companies Act with the result that the offer, scheme and delisting have now become unconditional in accordance with their
terms. Accordingly the offer, scheme and delisting will be implemented in accordance with the timetable set out in the
circular and published on SENS on 1 March 2013.


Cape Town
25 April 2013

Corporate advisor and transaction sponsor                               
Java Capital

Legal advisor
DLA Cliffe Dekker Hofmeyr
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