ANDULELA INVESTMENT HOLDINGS LTD - Suspension of redemption of non-listed redeemable preference shares

Suspension of redemption of non-listed redeemable preference shares

ANDULELA INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
JSE share code: AND  ISIN: ZAE000172870
(“Andulela” or “the Company”)


SUSPENSION OF REDEMPTION OF NON-LISTED REDEEMABLE PREFERENCE SHARES

Shareholders are referred to the announcement released on SENS on 14 February 2012 wherein shareholders were
advised that the non-listed redeemable preference shares (the “preference shares”) issued to Newshelf 1005
Proprietary Limited (“Newshelf”) would be redeemed on an orderly basis over a five year period for a redemption
amount of R1 250 000 per month, such redemption payments being subject to the Company’s cash flow requirements
and the Company’s ability to satisfy the solvency and liquidity test as set out in the Companies Act, 2008; and 
to the reviewed condensed consolidated interim financial statements for the six months ended 30 June 2014 released on
SENS on 23 September 2014 wherein shareholders were advised that Andulela had reached an agreement with
Newshelf to temporarily suspend the preference share capital and dividend payments from May 2014 until such time
as Kilken Platinum Proprietary Limited has reached normal production levels.

Shareholders are advised that Andulela and Newshelf have agreed that the redemption of preference shares will be
suspended for a further period up to 31 December 2016 (“suspension period”). Andulela shall be entitled during the
suspension period to accelerate the redemption of some or all of the preference shares having regard to the Company’s
cash flow requirements as well as the Company’s ability to satisfy the solvency and liquidity test as set out in the
Companies Act, 2008.

15 September 2015


Sponsor
Java Capital

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