POYNTING HOLDINGS LIMITED - Update to the acquisition of African Union Communications Proprietary Limited and renewal of cautionary announcement

Update to the acquisition of African Union Communications Proprietary Limited and renewal of cautionary announcement

POYNTING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/011142/06)
Share code: POY ISIN: ZAE000121299
(“Poynting” or “the Company”)


UPDATE TO THE ACQUISITION OF AFRICAN UNION COMMUNICATIONS PROPRIETARY LIMITED
AND RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the „Acquisition of African Union Communications Proprietary Limited and
Cautionary Announcement? released on SENS on 10 July 2013 (“Announcement”), and using the terms
defined therein unless otherwise stated, are advised that the parties to the binding heads of agreement
(“HOA”) have signed an addendum thereto (“Addendum”). In terms of the Addendum, the Initial Binding
Period - being the three-month period commencing on the date of signature of the HOA (“signature date”)
and during which period, subject to the successful completion of a due diligence investigation, the parties
were to conclude a formal sale of shares agreement (“Agreement”) - has been extended to a period of four
months from the signature date. In addition, the expected date of completion of the due diligence
investigation and signature date of the Agreement has been has been extended from 30 September 2013 to
31 October 2013.

Further to the Announcement, and the subsequent renewal of cautionary announcement dated 22 August
2013, shareholders are hereby advised that the pro forma financial effects of the Acquisition are still in the
process of being finalised. Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company?s securities, until a further announcement is made.

Johannesburg
4 October 2013

Designated Adviser
Merchantec Capital

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