SOUTHERN VIEW FINANCE LIMITED - Disclosure in terms of Section IIA ofthe BSX Listing Regulations: Subscription agreement executed

Disclosure in terms of Section IIA ofthe BSX Listing Regulations:  Subscription agreement executed

SOUTHERN VIEW FINANCE LTD
(Incorporated in Bermuda with registration number 47305)
Class A share codes: BSX: SVF.BH          JSE: SVF      ISIN: BMG829251013
Class B share codes: BSX: SVFB.BH         JSE: SVFB     ISIN: BMG829251195

(“SVF” or the “Company”)

DISCLOSURE IN TERMS OF PARAGRAPHS 6.13 AND 6.17 OF SECTION IIA OF THE BERMUDA
STOCK EXCHANGE LISTING REGULATIONS: SUBSCRIPTION AGREEMENT EXECUTED

Further to the announcement released on Friday, 6 November 2015, shareholders
are advised that the Company has entered into a subscription agreement
(“Subscription Agreement”) with Osiris Property Services Ltd (“Osiris”).

In terms of the Subscription Agreement, Osiris will subscribe for 625,000 (six
hundred and twenty five thousand) Class A shares with a par value of US$0.0001
(zero point zero zero zero one United States Dollars) each in SVF
(“Subscription Shares”) at a subscription price of US$0.80 (eighty United
States Cents) per share, amounting to a total value of US$500,000.00 (five
hundred thousand United States Dollars).

The authorised Class A share capital of the Company is 5,000,000,000 (five
billion) Class A shares. Following the issue of the Subscription Shares the
issued Class A share capital will be 625,120 (six hundred and twenty five
thousand one hundred and twenty) Class A shares.

All conditions precedent to the Subscription Agreement have been fulfilled.
Consequently, the Subscription Shares will be issued and allotted to Osiris
with effect from Thursday, 12 November 2015. The Bermuda Stock Exchange (“BSX”)
and the Alternative Exchange (“AltX”) of JSE Limited have each granted approval
for the listing of the Subscription shares with effect from the same day.

In accordance with the Listing Regulations of the BSX, notice is hereby given
that the Class A Shares may be held by the public and will be freely tradable
on the BSX from Thursday, 12 November 2015.

The listing of SVF’s Class A shares on the AltX, in so far as it relates to
their trading, has been suspended with effect from Monday, 9 November 2015. In
accordance with the announcement released on the Securities Exchange News
Services on Friday, 6 November 2015, the JSE has granted SVF until April 2016
to enter into an agreement(s), and make an announcement, relating to the
acquisition of a viable asset(s) that satisfies the conditions for listing set
out in the JSE Listings Requirements, failing which the Company’s listing on
the AltX will be removed.

The Company maintains a primary listing on the BSX and a secondary listing on
the AltX.

12 November 2015

Hamilton/Johannesburg

BSX sponsor: Global Custody and Clearing Limited

JSE sponsor: Bravura Capital Proprietary Limited

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