SUPER GROUP LIMITED - Update on Sandown Motors Acquisition and Property Acquisition

Update on Sandown Motors Acquisition and Property Acquisition

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
(“Super Group”)


UPDATE ON THE ACQUISITION OF SANDOWN MOTORS HOLDINGS PROPRIETARY LIMITED’S
WESTERN CAPE DEALERSHIP BUSINESS AND THE STRATEGIC PROPERTY FROM KOPPIEVIEW
PROPRIETARY LIMITED

  We refer to the announcement released on the Stock Exchange News Service
  of the JSE published by Super Group on 17 May 2016, relating to;

  1. The acquisition of the Western Cape dealership business (“the
     Business”) from Sandown Motors as a going concern (“Sandown Motors
     Acquisition”); and
  2. The acquisition of the strategic property from Koppieview Proprietary
     Limited (“Property Acquisition”).

  The Sandown Motors Acquisition and the Property Acquisition together
  constitute the Transaction.

  All of the conditions precedent for the Transaction have been fulfilled
  and the Transaction is unconditional. The effective date of the
  Transaction is 1 September 2016.

  Although the purchase consideration for the business is subject, within 21
  working days of the effective date, to adjustment in terms of the Sandown
  Motors Acquisition agreement, it is expected to be R417,7 million, which
  equates to a price earnings ratio of 7,1.


Sandton
31 August 2016

Sponsor: Deutsche Securities (SA) Proprietary Limited

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