BIOSCIENCE BRANDS LIMITED - Confirmation of provisional liquidation order and renewal of cautionary announcement

Confirmation of provisional liquidation order and renewal of cautionary announcement

BIOSCIENCE BRANDS LIMITED (IN PROVISIONAL LIQUIDATION)
(Incorporated in the Republic of South Africa)
(Registration number 2005/005805/06)
(JSE code: BIO ISIN: ZAE000115036)
(“BioScience” or “the Company”)


CONFIRMATION OF PROVISIONAL LIQUIDAITON ORDER AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT


Shareholders are referred to the announcement released on SENS on
11 November 2013 to the effect that the North Gauteng High Court had granted
an order for the provisional winding up of the Company (“the provisional
order”) pursuant to an application for winding up brought by Dr AP Ferreira
and the subsequent renewal of cautionary announcements advising of an
extension of the date for the hearing of the Rule Nisi, the last of which
was dated 6 October 2014.

Shareholders are advised that on the 17 November 2014, being the return date
for the Rule Nisi, the Company was placed into final liquidation
notwithstanding the fact that negotiations for the acquisition by
independent third parties of the majority of creditors’ claims had been
finalised and that the Company had announced that it would acquire a 51%
share in Aonghus Finance (Pty) Ltd.

The liquidators will accordingly now be proceeding with the winding up of
the Company.

RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are advised to continue to exercise caution when dealing in the
Company’s shares until such time as a further announcement relating to the
winding up of the Company is made.

Johannesburg
21 November 2014

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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