ANSYS LIMITED - Update on the Tedaka Technologies Transaction

Update on the Tedaka Technologies Transaction

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ANSYS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/001222/06)
JSE Share code: ANS & ISIN: ZAE00097028
("Ansys" or "the Company")


UPDATE ON THE TEDAKA TECHNOLOGIES ACQUISITION


1.    THE ACQUISITION

Shareholders are referred to the announcements released on SENS on 22 May 2013 and 3
September 2013. Capitalised terms used and not otherwise herein defined, shall have the
meanings ascribed thereto in the Previous Announcements.

Shareholders are advised that an addendum to the legal agreement entered into between the
parties dated 30 August 2013 was signed on 28 October 2013, which amended the transaction
inter alia as follows:
        The maximum purchase consideration payable by way of Ansys shares shall be
        limited to R25 944 000 by way of the issue and allotment of a maximum of 129 720
        000 Ansys ordinary shares at 20 cents a share. Loan claims in Tedaka Technologies
        by Tedaka Investments of R7 900 0000, will be re-paid by Tedaka Technologies.
        Interest on the loan claims shall accrue calculated at the prime overdraft rate,
        compounded monthly in arrears, which interest shall be repaid on the on or before the
        first day of October 2016, unless the parties shall have agreed to the contrary in a
        signed written document.


2.    SHAREHOLDERS CIRCULAR

A circular containing full details of the acquisition will be distributed to shareholders by the
middle of November 2013.

Designated Adviser
Exchange Sponsors


Johannesburg
29 October 2013

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