SUN INTERNATIONAL LIMITED - Merger of the Latin American Assets of SIL with Dreams S.A. (Dreams)

Merger of the Latin American Assets of SIL with Dreams S.A. (“Dreams”)

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
(“SIL”)

Merger of the Latin American Assets of SIL with Dreams S.A. (“Dreams”)

Shareholders are referred to the various Stock Exchange News Service announcements regarding
notification that SIL had entered into binding transaction agreements with the shareholders of Dreams to
merge its casino and hotel portfolio of assets with SIL’s Latin American portfolio, which consists of Monticello
Grand Casino in Chile, the Ocean Club Casino in Panama and the Sun Nao Casino in Colombia (the
“Merger”).

The Merger was conditional upon the fulfilment or waiver of conditions precedent normal for a transaction
of this nature which included, inter alia, the approval of the relevant gambling regulators in Latin America.
SIL is pleased to inform shareholders that all approvals for the Merger have now been received resulting in
the Merger becoming unconditional. Accordingly, the parties have now implemented the Merger.

The Merger results in the creation of Latin America’s largest gambling group (“Sun Dreams”) which will have
the profile, critical mass and balance sheet to expand to the rest of the continent, make meaningful
acquisitions and take on larger projects. The Merger should also unlock synergies between the combined
Chilean properties as a result of its scale. Sun Dreams is structured with a relatively low level of gearing
(below 2x EBITDA) which will ensure that it is self-sustaining in the near term and will operate without having
to leverage off SIL’s South African balance sheet.


Sandton
1 June 2016

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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