THE PIVOTAL FUND LIMITED - Confirmation of issue prce, closing of offer and update regarding salient dates and times

Confirmation of issue prce, closing of offer and update regarding salient dates and times

The Pivotal Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
(JSE share code: PIV)
(ISIN: ZAE000196440)
(“Pivotal” or “the company”)


CONFIRMATION OF ISSUE PRICE, CLOSING OF OFFER AND UPDATE REGARDING SALIENT DATES AND TIMES


Investors are referred to Pivotal’s prospectus issued on Tuesday, 25 November 2014 and to the abridged prospectus
released on SENS on Tuesday, 25 November 2014, which detail the offer by way of the private placement of Pivotal
ordinary shares to invited investors and the subsequent listing on the JSE of the company’s shares.

The issue price has now been confirmed at R17.00 per private placement share which was the indicative price used in
the prospectus.

Due to overwhelming levels of interest from invited investors, the board of Pivotal has taken the decision to close the
offer under the private placement at 12:00 on Friday, 28 November 2014 instead of Monday, 1 December 2014.

The remaining dates are unchanged. Accordingly, the updated salient dates and times are as follows:

                                                                                                               2014
Opening date of the private placement (09:00)                                                  Tuesday, 25 November

Closing date of the private placement (12:00)                                                   Friday, 28 November

Results of the private placement released on SENS on                                            Tuesday, 2 December

Notification of allotments to successful investors from                                       Wednesday, 3 December

Results of the private placement published in the press on                                    Wednesday, 3 December

Listing of shares and the commencement of trading on the JSE (09:00) on                          Monday, 8 December

Accounts at CSDP or broker updated and debited in respect of dematerialised                      Monday, 8 December
shareholders

Notes:
1 All references to dates and times are to local dates and times in South Africa. These dates and times are subject to
  amendment. Any such amendment will be released on SENS and published in the press.
2 Invited investors must advise their CSDP or broker of their acceptance of the private placement in the manner
  and cut-off time stipulated by their CSDP or broker.
3 CSDPs effect payment on a delivery-versus-payment basis.


Corporate advisor, sponsor and joint bookrunner

Java Capital

Joint bookrunner

Standard Bank

Attorneys

DLA Cliffe Dekker Hofmeyr


27 November 2014

Date: 27/11/2014 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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