CROOKES BROTHERS LIMITED - Results of claw back offer

Results of claw back offer

Crookes Brothers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS
ISIN: ZAE000001434
(“Crookes Brothers” or “the Company”)

RESULTS OF THE SILVERLANDS SHARE ISSUE AND CLAW-BACK OFFER

1.   INTRODUCTION

     Crookes Brothers shareholders (“Shareholders”) are referred to the announcements published on the Stock
     Exchange News Service of JSE Limited dated 25 June 2015, 30 July 2015, 11 August 2015, 19 October 2015
     and 20 November 2015 and the circular dated 16 November 2015 (“Circular”) regarding, inter alia, the
     Silverlands Share Issue and Claw-Back Offer in terms of which 2 687 500 Crookes Brothers shares will be
     issued to raise R215 million. Words and expressions in this announcement shall have the same meaning as
     assigned to them in the Circular.

2.   RESULTS OF THE SILVERLANDS SHARE ISSUE AND CLAW-BACK OFFER

     In terms of the Claw-back Offer, Shareholders were entitled to subscribe for Shares in the ratio of 21.36868
     Shares for every 100 Shares held at the close of trade on Friday, 4 December 2015 at a price of R80 per
     Share. Following the closing of the Claw-back Offer on Friday, 18 December 2015, applications for 54 231
     Shares constituting 3.01% (excluding the 888 200 Shares to which Silverlands was entitled in terms of the
     Claw-back Offer) of the Claw-back Shares were received from Shareholders (or their renouncees).

     The balance of 2 633 269 Silverlands Subscription Shares, constituting 97.98% of the Claw-back Shares
     (including the shares to which Silverlands was entitled in terms of the Claw-back Offer) have been credited to
     Silverlands’ CSDP account.

     Following the closing of the Claw-back Offer, Silverlands holds 6 789 819 Shares, representing 44.48% of the
     total issued share capital of the Company.

Mount Edgecombe
21 December 2015

Sponsor and Corporate Advisor
Sasfin Capital (a division of Sasfin Bank Limited)

Legal Advisors to the Company
Norton Rose Fulbright South Africa Incorporated

Legal Advisors to Silverlands
Cliffe Dekker Hofmeyr Incorporated

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