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Proposed disposal of shareholdings in certain assets in SIL’s african portfolio
SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
(“SIL”)
PROPOSED DISPOSAL OF SHAREHOLDINGS IN CERTAIN ASSETS IN SIL’s AFRICAN
PORTFOLIO
Shareholders are referred to the announcement dated 9 May 2016 on the Stock Exchange News Service
(“SENS”) regarding notification that agreements had been entered into between subsidiaries of each of SIL
and Minor International Public Company Limited ("MINT") whereby SIL will dispose of its remaining minority
interests in the various entities which own and operate casino, hotel and resort properties in Zambia,
Botswana, Namibia, Lesotho and Swaziland to MINT (the “Proposed Transaction").
Each of the transactions in the various jurisdictions are conditional on applicable regulatory approvals and
will be implemented as these approvals are obtained. SIL is pleased to inform shareholders that all
approvals required for the disposal of the Zambia property (“Zambia Disposal”) have now been received
resulting in this component of the Proposed Transaction becoming unconditional. Accordingly, the parties
have now implemented the Zambia Disposal with SIL receiving a net consideration amount of R239.4
million, which will be used to reduce group debt.
Further announcements will be made on SENS when the remaining components of the Proposed
Transaction become unconditional.
Sandton
30 June 2016
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 30/06/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
