ZEDER INVESTMENTS LIMITED - Updated Sum-Of-The-Parts Value Per Share

Updated 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”)

UPDATED SUM-OF-THE-PARTS VALUE PER SHARE

Zeder, an investment holding company in the broad
agribusiness industry, continues to use the sum-of-the-
parts (“SOTP”) value to provide management and investors
with a more realistic and transparent way of valuing
Zeder. The calculation of the SOTP value is simple and
requires limited subjectivity as approximately 73% of the
value is calculated using listed share prices, while
other investments are included at market-related
valuations.

In order to provide investors with a more up to date
indicative SOTP value, Zeder management will, by close of
business today, release an online tool on its website
(www.zeder.co.za) whereby Zeder’s SOTP value is
calculated based on approximately 15-minute delayed JSE-
listed share prices for its listed investments, while all
other information will be updated on a monthly basis (the
most recent being as at 31 December 2014).

The information provided is for general information
purposes only and does not constitute an offer to sell
any securities or constitute investment advice relating
to securities or a representation that the security is a
suitable or appropriate investment for any person or
warrants any share price value in any form. Investors are
advised to give independent consideration to and conduct
independent investigation with regards to this
information and the value of Zeder shares, and to obtain
investment advice from their independent financial
advisors.

Stellenbosch
14 January 2015

Sponsor
PSG Capital

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