PRESCIENT LIMITED - Prescient / Stellar Capital - Extension to posting of scheme of arrangement circular

Prescient / Stellar Capital - Extension to posting of scheme of arrangement circular

Prescient Limited                                         Stellar Capital Partners Limited
Incorporated in the Republic of South Africa              Incorporated in the Republic of South Africa
Registration number: 1936/008278/06                       Registration number 1998/015580/06
Share Code: PCT            ISIN: ZAE000163531             Share code: SCP          ISIN: ZAE000198586
("Prescient" or the “Company”)                            (“Stellar Capital”)

EXTENSION TO POSTING OF SCHEME OF ARRANGEMENT CIRCULAR

1. Introduction

Shareholders are referred to the joint announcement released on the Stock Exchange News Service on
19 July 2016 in which they were advised that Prescient and Stellar Capital had entered into an
implementation agreement and a subscription agreement in terms of which Stellar Capital will make a
strategic equity investment in Prescient Holdings Proprietary Limited (“PFH or “the Business”), the holding
company for Prescient’s financial services interests and Prescient will declare a cash distribution to
Prescient shareholders (“Prescient Distribution”).

2. Extension of time to post the Scheme circular

Prescient Shareholders are advised that Prescient applied to the Takeover Regulation Panel (“TRP”) for
an extension of the posting date in respect of the Scheme circular, from Tuesday 16 August 2016 to
Tuesday, 20 September 2016. This request has been granted by the TRP. The extension that has been
granted by the TRP allows for better alignment with the JSE reporting requirements and ensures that
Prescient will be able to present the requisite information in a form that it is readily interpretable by
shareholders. Accordingly, the Scheme circular will be posted to Prescient Shareholders by no later than
Tuesday, 20 September 2016.



Cape Town
15 August 2016


Sponsor to Prescient:                                Merchant bank and sponsor to Stellar Capital:
Bridge Capital Advisors Proprietary Limited          RAND     MERCHANT          BANK     (A   division   of
                                                     FirstRand Bank Limited)


                                                     Legal advisor to Stellar Capital:
                                                     Cliffe Dekker Hofmeyr Incorporated

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