ZEDER INVESTMENTS LIMITED - Voluntary Announcement: Zaad Invests in Leading Turkish Seed Company, May Seed

Voluntary Announcement: Zaad Invests in Leading Turkish Seed Company, May Seed

Zeder Investments Limited
Incorporated in the Republic of South Africa
Registration number: 2006/019240/06
JSE share code: ZED
ISIN number: ZAE000088431
(“Zeder”)

VOLUNTARY ANNOUNCEMENT: ZAAD INVESTS IN LEADING TURKISH SEED
COMPANY, MAY SEED

Zaad Holdings Limited (“Zaad”) is a subsidiary of Zeder and
serves as its focused platform for operationally complementary
investments in the strategic agri-inputs sector. Through
investments made to date it has established itself as a leading
producer, marketer and distributor of a wide variety of
agricultural seeds across several countries in Africa and abroad
under established names like Agricol, Bakker Brothers and Klein
Karoo Seed Marketing.

Shareholders are advised that Zaad has concluded agreements for
the acquisition of a 35% stake in the Turkish company May-Agro
Tohumculuk Sanayi ve Ticaret Anonim ?irketi (“May Seed”).

May Seed is the largest private sector agricultural seed
breeder, producer and distributer in Turkey. The company has two
manufacturing plants and various product registrations. It
operates in Turkey but also exports its products to more than
35 countries within the strategic geography of the European
Union, Black Sea, Middle East, Africa and Central Asia regions.

May Seed was founded in the 1970’s and its vision is to become
a seed company that offers innovative products which will
sustain its global competitiveness through the strength of its
own Research and Development activities.

The existing and potential synergies between Zaad and May Seed
are numerous. The two companies can maximize their Southern and
Northern Hemisphere Research and Development capabilities, by
reducing the development time of new seed varieties. This will
put the companies at the forefront of new developments in this
competitive market. A definite advantage is the integration of
certain seed productions which will optimize the cost of
production and lead to higher quality supply.

Zaad is a major player in the South African sunflower market
where the average annual plantings is over 500 000 hectares.
This acquisition will enable Zaad (with its own genetics)
together with May Seed to participate in the lucrative Russian
and Ukraine sunflower markets which collectively have over
12 million hectares for potential plantings.
M. Ali Yormazo?lu, the President of May Seed, confirms that the
new partnership will create global opportunities within the
extremely competitive world seed industry.

Antonie Jacobs, CEO of Zaad, stated that he is very excited
about the expansion of Zaad’s business into these new markets
and said that “Zaad is now truly a global seed company.”

Norman Celliers, CEO of Zeder, stated that “Zeder remains
focused on its strategy of growing the companies within their
existing portfolio by leveraging the strong platforms they have
established across the broad agribusiness industry and providing
the capital and guidance required”.

Stellenbosch
31 March 2017

Transaction Advisor and Sponsor
PSG Capital

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