SABLE HOLDINGS LIMITED - Results of Scheme Meeting

Results of Scheme Meeting

SABLE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/010636/06)
JSE code: SBL ISIN: ZAE000006383
(“Sable” or “the Company”)


RESULTS OF SCHEME MEETING

Further to the posting of a circular to Sable shareholders (“the circular”) and the announcement released on SENS on 18 June
2013 in respect of:

-   an offer to be made by the Company to all Sable shareholders to purchase all Sable shareholders’ shares in the company in
    terms of section 48 of the Companies Act, 2008 (“the Companies Act”) for an offer price of R28.00 per Sable share (“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 Sable shares from the AltX board of the JSE Limited (“the delisting”),

Sable shareholders are advised that at the scheme meeting of shareholders held on 22 July 2013, all resolutions required to be
passed by Sable shareholders to approve the scheme and the delisting were passed by the requisite majority of Sable shareholders.

Shareholders are further advised that the implementation of the scheme remains subject to the following conditions precedent
being fulfilled or waived (where applicable) on or before 30 September 2013:

-   the issue of a compliance certificate by the Takeover Regulation Panel in respect of the scheme in terms of section 119(4) of
    the Companies Act; and

-   no person who voted against the scheme special resolution being granted leave by the High Court (in terms of section
    115(3)(b) of the Companies Act) to apply for a court review of the scheme. This condition precedent may be waived by
    the Company on condition that the court approves the special resolution in terms of section 115(3) of the Companies Act.

The offer is subject to the scheme becoming unconditional and thus capable of implementation on or before 30 September 2013.

The delisting is subject to the offer becoming unconditional in accordance with its terms on or before 30 September 2013.

Further announcements will be made regarding the fulfilment and/or waiver of the outstanding conditions precedent at the
appropriate time.

Johannesburg
22 July 2013


Corporate advisor, legal advisor and designated advisor
Java Capital

Independent expert
Grant Thornton Advisory Services Proprietary Limited

Independent reporting accountants
Mazars

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