CLIENTELE LIMITED - Notice to shareholders in terms of section 45(5) of Companies Act

Notice to shareholders in terms of section 45(5) of Companies Act

Clientele Limited
(Registration number 2007/023806/06)
Share code: CLI
ISIN: ZAE000117438
(“Clientele” or “the Group”)

NOTICE TO SHAREHOLDERS OF CLIENTELE IN TERMS OF SECTION 45(5) OF THE
COMPANIES ACT, 71 OF 2008 ("THE COMPANIES ACT")

Notice is hereby given as required in terms of Section 45(5) of the
Companies Act, that pursuant to the authority granted to the board of
Clientele by its shareholders at the annual general meeting of shareholders
held on 29 October 2015, the board of Clientele has adopted a resolution to
provide financial assistance(by way of guarantee) to a related entity, as
contemplated in section 45 (2) of the Companies Act.

The resolution passed by the board of directors of Clientele on 19 May 2016
approved the guarantee of R 14 000 000 for a building project loan facility
to be utilised by the subsidiary Clientele Properties North (Pty) Ltd.

The board of directors had previously approved the aggregate guarantees of
R100 000 000 for a building project loan facility and the building
contractor payment guarantee of R 15 000 000 to be utilised by the
subsidiary Clientele Properties East (Pty) Ltd. Therefore the aggregate
financial exposure of the Company in respect of any financial assistance
shall not exceed R 129 000 000.

Clientele will be delivering a copy of this announcement to shareholders
recorded in the register on 27 May 2016, as written notice of that
resolution, in compliance with section 45(5) of the Companies Act.


2 June 2016

Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited

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