SOUTHERN VIEW FINANCE LTD - Announcement Regarding Agreement With Material Shareholders

Announcement Regarding Agreement With Material Shareholders

SOUTHERN VIEW FINANCE LTD
(Incorporated in Bermuda)
(Registration number 47305)
Class A share codes: BSX: SVF.BH                 JSE: SVF         ISIN BMG 829251013
Class B share codes: BSX: SVFB.BH                JSE: SVFB        ISIN: BMG 829251195
(“SVF” or “the Company”)


ANNOUNCEMENT REGARDING AGREEMENT WITH MATERIAL SHAREHOLDERS

In accordance with the requirements of regulation 6.13 of the Bermuda Stock Exchange (“BSX”)
listing regulations (the “Listing Regulations”), the board of directors hereby announce the conclusion
of an agreement (“Agreement”) by SVF in terms of which SVF acquired all of the issued shares
(“Acquisition Equity”) in Callfin Holdings Proprietary Limited (“CallFin”), a company incorporated
and registered in South Africa (the “Transaction”), as detailed in this announcement.

The counterparties to the Agreement and from whom the Acquisition Equity will be acquired are
Plus27 Financial Services Holdings Proprietary Limited, Wikalox Investments Proprietary Limited,
Metcap 14 Proprietary Limited, Cream Magenta 140 Proprietary Limited, Fincom Proprietary Limited,
Titan Share Dealers Proprietary Limited, Capital Partners Group Holdings Limited, Klee Investments
Proprietary Limited and K2013137280 Proprietary Limited (collectively the “Sellers”). Other than Titan
Share Dealers Proprietary Limited, the Sellers are all holders of either Class A common shares or
Class B common shares in SVF, holding in aggregate 93.93% of the Class A common shares and
90% of the Class B common shares, respectively. Collectively, the Sellers hold 100% of the issued
shares in CallFin.

The aggregate consideration payable by SVF to the Sellers in respect of the Transaction is an amount
of ZAR70,000,000.00 (“Consideration”), which is greater than 5% of the consolidated net tangible
assets of the SVF group and therefore requires separate disclosure in accordance with the Listing
Regulations. The Consideration is payable against delivery of the relevant shares, which is to occur
by no later than 28 March 2014.

In accordance with BSX Listing Regulation 6.13(1)(ii), a copy of the report issued by SVF in relation to
the Transaction will be sent to all shareholders of SVF within 10 business days of this announcement.

SVF has a primary listing on the BSX and a secondary listing on the Johannesburg Stock Exchange’s
Alternative Exchange.


25 March 2014
Johannesburg

JSE Sponsor: Bravura Capital (Proprietary) Limited
BSX Sponsor: Global Custody and Clearing Limited
SA Legal Advisor: Edward Nathan Sonnenbergs Incorporated

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