NUTRITIONAL HOLDINGS LIMITED - Cancellation Of Acquisition And Resignation Of Director

Cancellation Of Acquisition And Resignation Of Director

NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/002282/06)
Share code: NUT ISIN: ZAE000156485
(“NUT” OR “THE COMPANY”)

CANCELLATION OF ACQUISITION AND RESIGNATION OF DIRECTOR

Shareholders are referred to SENS announcement released on the 25th April
2016 pertaining to the acquisition of Kairos Nutrition (Pty) Ltd (KAIROS) (“the
Acquisition”). The Acquisition was subject to certain suspensive conditions.

Shareholders are hereby advised that, due to the uncertainty of achieving targets
set as part of the suspensive conditions, management of both KAIROS and NUT
have mutually agreed not to proceed with the Acquisition.

RESIGNATION OF DIRECTOR

In terms of the Acquisition Mr Ian Murgatroyd was appointed as director of the
Company effective 25 April 2016. In terms of management’s decision not to
proceed with the Acquisition Mr Murgatroyd has resigned as a director of the
Company effective 8 August 2016.

Mr Murgatroyd will continue to serve as a consultant to the Company as part of
its target of penetrating the main stream FMCG market space.

8 August 2016
Umhlanga

Sponsor
PSG Capital Proprietary Limited

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