BUSINESS CONNEXION GROUP LIMITED - Update announcement: Firm intention by Telkom to make a cash offer to acquire the entire issued share capital of BCX

Update announcement: Firm intention by Telkom to make a cash offer to acquire the entire issued share capital of BCX

BUSINESS CONNEXION GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
JSE code: BCX
ISIN: ZAE0000154631
("BCX" or the "Company")


UPDATE ANNOUNCEMENT: FIRM INTENTION BY TELKOM TO MAKE A CASH OFFER
TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF BCX

Unless defined, terms used in this announcement shall bear the same meaning as per the circular
published by BCX on 11 July 2014 (“Circular”).

BCX shareholders are referred to the joint announcement released on the Stock Exchange News
Service of the JSE Limited ("SENS"), dated 11 August 2014, relating to the results of the general
meeting (“General Meeting Announcement”).

Further, we wish to inform BCX shareholders that the Conditions per the Circular have not been
fulfilled as at the date of this announcement and as such the existing dates per the General Meeting
Announcement are no longer applicable. BCX shareholders will be advised on SENS of a finalisation
announcement, if and when the Proposed Transaction is approved by the relevant regulatory bodies,
and the related salient dates for the implementation of the Proposed Transaction.


Midrand
20 October 2014


Investment bank and corporate advisor to BCX: Investec Bank Limited
Transaction sponsor to BCX: Investec Bank Limited
Sponsor to BCX: One Capital Sponsor Services (Proprietary) Limited
Legal advisor to BCX and Telkom: Edward Nathan Sonnenbergs Incorporated

Date: 20/10/2014 05:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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