ZEDER INVESTMENTS LIMITED - Voluntary Announcement In Respect Of Zeders Sum-Of-The-Parts Value Per Share

Voluntary Announcement In Respect Of Zeder’s Sum-Of-The-Parts Value Per Share

ZEDER INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2006/019240/06
Share code: ZED
ISIN code: ZAE000088431
(“Zeder”)

VOLUNTARY ANNOUNCEMENT IN RESPECT OF ZEDER’S SUM-OF-THE-
PARTS VALUE PER SHARE

Following the successful implementation of the Agri
Voedsel Limited scheme of arrangement on 20 October 2014
and recent movements in the JSE-listed share prices of
Pioneer Food Group Limited and Quantum Foods Holdings
Limited, certain shareholders have requested more detail
regarding Zeder’s latest sum-of-the-parts (“SOTP”) value
per share. Accordingly, shareholders are hereby advised
that Zeder’s SOTP value has increased to R7.49 per share
as at the close of business on Wednesday, 5 November 2014.

Zeder's SOTP value per share is calculated using the
quoted market prices for all JSE-listed and over-the-
counter traded investments, and market-related valuations
for unlisted investments.

Stellenbosch
6 November 2014

Sponsor
PSG Capital

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