THE DON GROUP LIMITED - Suspension of Listing and Withdrawal of Cautionary Announcement

Suspension of Listing and Withdrawal of Cautionary Announcement

The Don Group Limited
Incorporated in the Republic of South Africa
(Registration number 1946/023123/06)
Share code: DON ISIN: ZAE000008462
(“The Don” or “the Company”)


SUSPENSION OF LISTING AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT



Shareholders are referred to the circular dated 22 January 2013 regarding the proposed disposal by The
Don in terms of section 112 of the Companies Act, 2008 of its remaining five hotel properties (“the
Disposals”) wherein shareholders were advised that the implementation of the Disposals would result in
the Company being classified as a “cash shell” in terms of the Listings Requirements of JSE Limited (“the
JSE”) and that should the Company, within a period of six months after such classification, fail to enter
into an agreement relating to the acquisition of viable assets that satisfy the conditions for listing in terms
of the Listings Requirements (“Acquisition”), its listing would be suspended.

As at 15 August 2013, the last of the properties was transferred and accordingly, with effect from such
date, The Don was classified as a “cash shell” in terms of the Listings Requirements. The Don had until
15 February 2014 to enter into an agreement relating to an Acquisition. As The Don has been unable to
enter into the aforementioned agreement within the requisite period of time, shareholders are advised that
the cautionary announcement released on SENS on 11 February 2014 is hereby withdrawn, that caution
is no longer required to be exercised when dealing in the Company’s securities, and that the JSE has
advised the Company that its listing will be suspended with immediate effect.

Furthermore, shareholders are advised that the board of directors of The Don (“the Board”) has taken the
decision to make an offer to shareholders to buy back the shares in The Don at a price equal to the net
asset value of the Company and thereafter to delist The Don from the JSE. The Board wishes to conclude
the aforementioned offer as soon as practically possible and accordingly, shareholders will be advised of
further details in this regard in due course.


Johannesburg
19 February 2014

Sponsor
Merchantec Capital

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