GIJIMA GROUP LIMITED - Results of rights offer

Results of rights offer

GIJIMA GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1998/021790/06
Share code: GIJ
ISIN: ZAE000147443
(“Gijima” or “the Company”)

RESULTS OF RIGHTS OFFER

1. Introduction

  Gijima shareholders are referred to the announcements released
  on the Stock Exchange News Service on 28 March 2013, 3 May
  2013 and 17 May 2013, as well as to the circular to Gijima
  shareholders issued on 3 June 2013, detailing the Company’s
  intention to raise R150 million in new equity capital by way
  of a renounceable rights offer of 3 000 000 000 new Gijima
  ordinary shares (“Rights Offer Shares”) in the ratio of
  309.80298 Rights Offer Shares for every 100 Gijima shares held
  on Friday, 31 May 2013 (“the Record Date”), at a subscription
  price of 5 cents per Rights Offer Share (“the Rights Offer”).

  The Rights Offer was underwritten by Guma Tech (Pty) Ltd, Guma
  Support (Pty) Ltd, Guma Investment Holdings (Pty) Ltd, Guma
  Tech Group (Pty) Ltd and Futuregrowth Asset Management (Pty)
  Ltd (collectively, the “Underwriters”).

2. Results of the Rights Offer

  The Rights Offer closed at 12h00 on Friday, 21 June 2013. The
  results of the Rights Offer are set out below:

                            Number of Rights     % of Rights Offer
                                Offer Shares                Shares
   Rights Offer Shares         3 000 000 000                 100.0
   available for
   subscription
   Rights Offer Shares           2 457 387 632               81.9
   subscribed for
   Excess Rights Offer              16 903 751                0.6
   Shares applied for
   and allocated
   Rights Offer Shares            525 708 617                17.5
   to be allocated to
   the Underwriters (or
   their nominees)

3. Issue of Rights Offer Shares

  Certificated Gijima shareholders registered as such on the
  Record Date (or their renouncees), who validly subscribed for
  Rights Offer Shares, will have new share certificates in
  respect of the Rights Offer Shares to which they are entitled
  posted to them, at their own risk on Monday, 24 June 2013.

  Dematerialised Gijima shareholders registered as such on the
  Record Date (or their renouncees), who validly subscribed for
  Rights Offer Shares, will have their accounts at their CSDP or
  broker updated with the Rights Offer Shares to which they are
  entitled on Monday, 24 June 2013.

4. Excess applications

  The excess Rights Offer Shares applied for will be allocated
  in full.

  Share certificates will be posted to holders of certificated
  shares who have been allocated excess Rights Offer Shares on
  or about Wednesday, 26 June 2013.

  The CSDP or broker account of holders of dematerialised shares
  who have been allocated excess Rights Offer Shares, will be
  credited with the excess Rights Offer Shares on or about
  Wednesday, 26 June 2013.


Samrand
24 June 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Legal adviser
Webber Wentzel

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