FINBOND GROUP LIMITED - Update regarding the Acquisition of African Unity Holdings

Update regarding the Acquisition of African Unity Holdings

Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE00013895
(“Finbond” or “the Company”)

UPDATE REGARDING THE ACQUISITION OF AFRICAN UNITY HOLDINGS

Shareholders are referred to the announcement published by the Company on SENS on 14
May 2014 regarding the potential acquisition by Finbond of 70% of the shares in AIC Holding
Company Proprietary Limited (“African Unity Holdings”) (“the Transaction”). The
Transaction was conditional upon the fulfilment of various conditions precedent, including
obtaining regulatory approvals, by no later than 30 November 2014. Due to delays with
regards to the regulatory approvals, these regulatory approvals have not been obtained and
accordingly the conditions precedent have not been fulfilled. The parties have not agreed to
extend the date for the fulfilment of the conditions precedent. In the future the parties may
consider concluding a similar transaction although no discussions are currently ongoing.
Finbond and African Unity Holdings do however intend to explore mutually beneficial
opportunities to do business together.


Pretoria
5 December 2014

Sponsor:
Grindrod Bank Limited

Date: 05/12/2014 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.