CARGO CARRIERS LIMITED - Fulfilment of Conditions Precedent relating to the disposal of shareholding in BHL Zambia and BHL Namibia

Fulfilment of Conditions Precedent relating to the disposal of shareholding in BHL Zambia and BHL Namibia

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company" or “the Group”)

FULFILMENT OF CONDITIONS PRECEDENT – DISPOSAL OF SHAREHOLDING IN BUKS HAULAGE LIMITED (“BHL
ZAMBIA”) AND BULK HAULAGE LOGISTICS PROPRIETARY LIMITED (“BHL NAMIBIA”)


Shareholders are referred to the announcement released on SENS on 1 December 2015 detailing the disposal
by Cargo Carriers of its 55% shareholding in BHL Zambia and its 51% shareholding in BHL Namibia and are
advised that all the conditions precedent to the disposal have been fulfilled and the disposal completed in
accordance with the terms of the sale agreement.

Johannesburg
5 May 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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