AFRICAN AND OVERSEAS ENTERPRISES LD - Results of mandatory and comparable offer

Results of mandatory and comparable offer

AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO          ISIN: ZAE000000485
JSE share code: AON          ISIN: ZAE000009718
JSE share code: AOVP         ISIN: ZAE000000493
(“African and Overseas” or the “Company”)


RESULTS OF MANDATORY AND COMPARABLE OFFER


Shareholders are referred to the Stock Exchange News Service (“SENS”) announcement released by the Company on
Friday, 22 April 2016, as well as the mandatory and comparable offer circular posted to shareholders on 9 June 2016,
which contained details of the mandatory and comparable offer made by a consortium (“Consortium”) consisting of
Geomer Investments Proprietary Limited, The Ceejay Trust, Gingko Trading Proprietary Limited and Gingko Investments
No. 2 Proprietary Limited, to acquire all of the African and Overseas Ordinary and “N” Ordinary Shares other than those it
already owns in exchange for the offer consideration of R14.07 per African and Overseas Ordinary Share and R11.12 per
African and Overseas “N” Ordinary Share. The Consortium held 423 363 African and Overseas Ordinary Shares and 8 218
311 African and Overseas “N” Ordinary Shares when the mandatory and comparable offer was triggered.

The abovementioned mandatory and comparable offer closed at 12:00 on Friday, 22 July 2016. Shareholders are
hereby advised that in terms of the mandatory and comparable offer, the Consortium received acceptances from African
and Overseas Ordinary shareholders holding 23 shares, constituting approximately 0.002% of the issued Ordinary
Shares of African and Overseas and received acceptances from African and Overseas “N” Ordinary shareholders
holding 240 557 shares, constituting approximately 2.373% of the issued “N” Ordinary Shares of African and Overseas.

Subsequent to the closing of the mandatory and comparable offer, the Consortium holds 423 386 African and Overseas
Ordinary Shares, constituting approximately 33.87% of the issued Ordinary Shares of African and Overseas and 8 458
868 African and Overseas “N” Ordinary Shares, constituting approximately 83.44% of the issued “N” Ordinary Shares of
African and Overseas, collectively representing 78.0% of the economic interest in the capital of African and Overseas.

26 July 2016

Corporate Advisor and Sponsor to the company                         
Java Capital

Corporate Advisor to the Consortium
Investec
Date: 26/07/2016 08:42:00 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.