SUN INTERNATIONAL LIMITED - Proposed restructure of shareholdings in Sunwest International (Pty) Limited and Worcester Casino (Pty) Limited

Proposed restructure of shareholdings in Sunwest International (Pty) Limited and Worcester Casino (Pty) Limited

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
("Sun International")


THE PROPOSED RESTRUCTURE OF THE SHAREHOLDINGS IN SUNWEST INTERNATIONAL PROPRIETARY LIMITED  
AND WORCESTER CASINO PROPRIETARY LIMITED (the “Proposed Transaction”)

With regards to the various announcements relating to the Proposed Transaction and released since May
2014 on the Stock Exchange News Service of the JSE Limited by Sun International, Tsogo Sun Holdings
Limited and Grand Parade Investments Limited ("the Parties"), a key condition was that the Proposed
Transaction be implemented by 31 May 2015. This initially agreed implementation date was subsequently
extended by the Parties to 31 August 2015.

It has now become apparent that the revised implementation date of 31 August 2015 will not be achieved
and based upon recent discussions, the Parties have concluded that it is not possible to simply extend the
date again as the commercial metrics agreed to under the current Proposed Transaction have changed
due to the effluxion of time. The Parties, by mutual agreement, have therefore decided to terminate the
Proposed Transaction.

Based on the above, the Parties have commenced taking steps to withdraw the applications made to the
relevant regulatory authorities that would have been required in order to give effect to the Proposed
Transaction.

Sandton
3 July 2015

Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 03/07/2015 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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