ADVTECH LIMITED - ADvTECH acquires Glenwood House School strengthening its position in the Western Cape

ADvTECH acquires Glenwood House School strengthening its position in the Western Cape

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH          ISIN: ZAE000031035
("ADvTECH” or “the Company”)

ADvTECH acquires Glenwood House School strengthening its position in the Western Cape

Johannesburg, Monday, 7 November – ADvTECH today announced the acquisition of Glenwood
House School in George, Western Cape. Glenwood House School includes a Pre-Preparatory,
Preparatory and College offering grade 000 to 12 with just over 800 students being added to the
Schools division plus capacity for organic growth.

Commenting on the announcement, ADvTECH Schools Division CEO Alex Isaakidis said: “In line with
ADvTECH’s continued growth and expansion strategy, Glenwood House School is a valued addition
to the Schools division and we are pleased with the prospect of increasing our footprint in the Western
Cape effective 1 January 2017. The school will be positioned within the Trinityhouse brand as they
both share a traditional Christian ethos.”

Glenwood House School strengthens ADvTECH’s position in the Western Cape, joining Abbotts
College which has two campuses in the province. The traditional school features 3 pillars: sport,
academic and culture, built on social responsibility and Christian principles. The school offers
boarding facilities, which will house 46 students in 2017 who will enjoy a home away from home
environment supervised by qualified and dedicated staff.

The 2015 matric results were outstanding featuring an average of 2 distinctions per matric candidate
with 27% of candidates achieving an overall A average. Glenwood holds a proud record of a 100%
Matric pass rate since its inception in 2006. Glenwood House’s excellent track record strongly aligns
with ADvTECH’s core values of academic excellence.

Headmaster at Glenwood House School, Mr Dennis Symes, said: “The school is elated to be
welcomed by the ADvTECH Group as we share a commitment to common goals to shape and
prepare learners to pursue their roles in society.”

07 November 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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