BUILDMAX LIMITED - Cautionary announcement regarding a conditional offer received

Cautionary announcement regarding a conditional offer received

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
(“Buildmax” or “the Company”)

CAUTIONARY ANNOUNCEMENT REGARDING A CONDITIONAL OFFER RECEIVED

Shareholders are advised that Buildmax has received a conditional offer to acquire a controlling
equity position in the Company subject to certain pre-conditions.

The features of the conditional offer are as follows:
-  the Company’s existing shareholders will receive shares in the acquiring entity, based on an
   exchange ratio that will be determined with reference to the volume weighted average share
   prices of the acquiring entity and Buildmax; and
-  the acquiring entity will recapitalise the Company to reduce debt and provide working capital
   for further organic and acquisitive growth.

The independent board of Buildmax is deliberating on the conditional offer.

Accordingly, shareholders are advised to exercise caution when dealing in Buildmax securities
until a further announcement is made.

Benoni
5 September 2016

Sponsor to Buildmax
Questco (Pty) Ltd

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