MPACT LIMITED - Ratio applicable to capitalisation share election

Ratio applicable to capitalisation share election

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)

RATIO APPLICABLE TO CAPITALISATION SHARE ELECTION

Shareholders are referred to the Company’s unaudited interim
results for the six months ended 30 June 2014, published on the
Stock Exchange News Service on 13 August 2014 and in the press on
14 August 2014 in which they were advised of the Company’s
declaration of an interim gross cash dividend of 26 cents per
ordinary share (“the Cash Dividend”) with the right to elect to
receive fully paid ordinary shares of no par value in Mpact
(“Capitalisation Shares”), in respect of all or part of their
ordinary shareholding instead of the Cash Dividend
(“Capitalisation Issue”).

The number of Capitalisation Shares to which Shareholders will
become entitled pursuant to the Capitalisation Issue (should they
so elect) will be determined by the ratio that 26 cents bears to
3439 cents, representing the volume weighted average price
(“VWAP”) of an ordinary Mpact share traded on the JSE during the
ten-day trading period ending on Thursday, 28 August 2014. The
ratio of Capitalisation Shares that may be applied for in terms of
the Capitalisation Issue is therefore 0.75603 Capitalisation Share
for every 100 ordinary shares held on the Record Date, being
Friday, 12 September 2014 (“the Record Date”).

If the application of this ratio gives rise to a fraction of an
ordinary share, no fractional entitlement shall arise and the
result of such calculation will be rounded up to the nearest whole
number where the fraction is greater than or equal to 0.5 and
rounded down to the nearest whole number where the fraction is
less than 0.5 (the “Rounding Provision”).

Example of Capitalisation Issue entitlement:

This example assumes that a Shareholder holds 100 ordinary shares
at the close of business on the Record Date and elects to receive
the Capitalisation Shares for all of such ordinary shares.

New ordinary share entitlement =
100 x 26 ZAR cents
------------------
3439 ZAR cents
= 0.75603 new share
(then apply the Rounding Provision described above)
= 1 Capitalisation Share per 100 ordinary shares held.

Melrose Arch
Friday, 29 August 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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