AH-VEST LIMITED - Dealings In Securities By An Associate Of A Director And Notification In Terms Of Section 122 Of The Companies Act

Dealings In Securities By An Associate Of A Director And Notification In Terms Of Section 122 Of The Companies Act

AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL      ISIN code: ZAE000129177
(“AH-Vest” or “the Company”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR AND NOTIFICATION IN
TERMS OF SECTION 122 OF THE COMPANIES ACT, 71 OF 2008


With reference to the dealings announcement released on SENS on 23 July 2013, shareholders
are advised that following the payment for shares in terms of the previously announced
settlement agreement with the National Empowerment Fund (“NEF”), Mr M Pather has
renounced the shares due to be transferred to him in terms of the settlement agreement in
favour of Eastern Trading Company Proprietary Limited (“Eastern Trading”). In accordance with
paragraph 3.63 of the JSE Listings Requirements the following director’s dealing is accordingly
disclosed:

 Name of director:                I Darsot
 Name of associate:               Eastern Trading
 Relationship with director:      Direct beneficial shareholder and director of associate
 Nature of transaction:           Purchase of shares as nominee in terms of a settlement
                                  agreement concluded between M Pather and the NEF
 Date of transaction:             Settlement agreement signed on 15 July 2013
 Class of securities:             Ordinary shares
 Number of securities:            7 860 473
 Settlement price:                15 cents per share based on the settlement of the capital
                                  amount of R1 179 071
 Total value of transaction:      R3 000 000 of which R1 179 071 was attributed to the
                                  settlement of the capital amount and the remaining portion
                                  R1 820 929 was attributed to interest accrued
 Nature of interest:              Direct beneficial
 Extent of interest:              7.71%
 Nature of trade:                 Off-market

Clearance for the nomination of Eastern Trading to receive the shares was obtained by the
relevant parties.

NOTIFICATION IN TERMS OF SECTION 122 OF THE COMPANIES ACT, 71 OF 2008
In compliance with Section 122 of the Companies Act and in accordance with Section 3.83 (b) of
the Johannesburg Stock Exchange’s, (“JSE”) Listings Requirements, AH-Vest advises that it has
been notified that :
    (i)  NEF has disposed of its 7.71% interest in the total issued ordinary shares of the
         Company and that it accordingly no longer holds any interest in issued ordinary shares of
         AH-Vest; and
    (ii) Eastern Trading has acquired a further 7.71% beneficial interest in the ordinary shares of
         the Company, such that its total interest in the ordinary shares of the Company now
         amounts to 65.03% of the total issued ordinary shares of the Company.

The Company is awaiting receipt of the requisite Form 121.1 notices from the respective entities
and will file the required Form 121.2 notices with Takeover Regulation Panel as soon as they
have been received.

Johannesburg
19 December 2014


Designated Advisors
Arbor Capital Sponsors Proprietary Limited

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