RCS INVESTMENT HOLDINGS LIMITED - Announcement regarding the proposed acquisition of JD Groups Consumer Finance Business

Announcement regarding the proposed acquisition of JD Group’s Consumer Finance Business

RCS Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2000/017884/06)
Company code: BIRCS
(“RCS”)

ANNOUNCEMENT REGARDING THE PROPOSED ACQUISITION OF JD GROUP’S
CONSUMER FINANCE BUSINESS

Noteholders are referred to the announcement released by
RCS Investment Holdings Limited (“RCS”) on 18 December 2014 advising
that RCS had made a conditional offer to purchase the Consumer
Finance Business and debtor books from the JD Group Limited (“JD
Group”).

After extensive evaluation by the RCS management team and the JD
Group and in accordance with the provisions of the Sale of Business
Agreement, RCS was advised that the transaction will not continue.


29 October 2015

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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