REUNERT LIMITED - Fulfilment of the outstanding conditions precedent regarding the disposal by Nashua Mobile of its subscriber bases

Fulfilment of the outstanding conditions precedent regarding the disposal by Nashua Mobile of its subscriber bases

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1913/004355/06
ISIN: ZAE000057428
Share code: RLO
("Reunert" or "the Company")

FULFILMENT OF THE OUTSTANDING CONDITIONS PRECEDENT REGARDING THE DISPOSAL BY NASHUA MOBILE (PTY) LTD OF ITS SUBSCRIBER BASES

Reunert shareholders are referred to the announcements released on the Stock Exchange News Service of
the JSE Limited on 14 April 2014, 15 April 2014 and 26 May 2014, advising Reunert shareholders of the
separate and distinct sale agreements (collectively the Sale Agreements) concluded between Reunert's
wholly-owned subsidiary, Nashua Mobile Proprietary Limited (Nashua Mobile), and each of Mobile
Telephone Networks Proprietary Limited (MTN), Vodacom Proprietary Limited (Vodacom) and Altech
Autopage Cellular Proprietary Limited (Autopage), in terms of which, inter alia, Nashua Mobile will dispose
of its MTN, Vodacom and Cell C subscriber bases (collectively the Transactions).

The Company's board of directors is pleased to announce that on 29 September 2014 all of the conditions
precedent to the Transactions (including the approval by the South African Competition Tribunal of each of
the Transactions) have either been fulfilled or waived. Accordingly, all of the Transactions have become
unconditional in accordance with the terms of the Sale Agreements.


By order of the board of the Company
Woodmead, Sandton
30 September 2014


Legal Advisor
Norton Rose Fulbright South Africa

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

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