Detailed cautionary announcement
Zurich Insurance Company South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number 1965/006764/06
JSE Code: ZSA
("Zurich" or "the Company")
DETAILED CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the Company’s majority shareholder, SA Firehouse Limited, a wholly owned
subsidiary company of the ultimate holding company Zurich Insurance Group Limited, intends to make an
offer to all minority shareholders, at a price of R240 per share, to acquire their shares by means of a
scheme of arrangement in accordance with the Companies Act, No. 71 of 2008 ("the Offer"). The Company
has received irrevocable undertakings from three shareholders, representing over 75% of the minority
shareholders, that they will support the Offer.
Accordingly, shareholders are advised to exercise caution when dealing in the Company’s shares until a
further announcement is made.
30 June 2015
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/06/2015 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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