SHOPRITE INVESTMENTS LIMITED - Notice to Noteholders regarding the Renewal of the Joint Cautionary Announcement released by Shoprite and Steinhoff

Notice to Noteholders regarding the Renewal of the Joint Cautionary Announcement released by Shoprite and Steinhoff

Shoprite Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/000928/06)
Stock code: SHPCB
ISIN: ZAE000166997
(“Shoprite Investments”)

NOTICE TO NOTEHOLDERS REGARDING THE RENEWAL OF THE JOINT CAUTIONARY
ANNOUNCEMENT RELEASED BY SHOPRITE AND STEINHOFF

Noteholders are referred to the renewal of the joint cautionary
announcement released on the Stock Exchange News Service (“SENS”)
today, on 31 January 2017, advising that Shoprite Holdings Limited
(“Shoprite”), the Guarantor to the ZAR4,700,000,000 6.5% Fixed Rate
Senior Unsecured Guaranteed Convertible Registered Bonds, remains
engaged   in   exclusive   on-going   negotiations   with   Steinhoff
International Holdings N.V (“Steinhoff”) regarding the potential sale
of Steinhoff’s Africa retail assets to Shoprite.

In this regard, noteholders should also consider the contents of the
Shoprite/Steinhoff joint cautionary announcement, released on SENS on
14 December 2016, when trading in their Shoprite Investments
securities.

31 January 2017

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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