ONELOGIX GROUP LIMITED - Notice in terms of section 45(5)(a) of the Companies Act 71 of 2008

Notice in terms of section 45(5)(a) of the Companies Act 71 of 2008

ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG  ISIN: ZAE000026399
(“OneLogix” or “the company”)


NOTICE IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT 71 OF 2008

Shareholders are referred to the announcement released on SENS on 21 December 2015 wherein shareholders
where advised that the board of directors of OneLogix (“the board”) had adopted a resolution in terms of
section 45(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”) authorising the company to grant
suretyships in the normal course of business in order to fund the asset based finance requirements of the
businesses of OneLogix’s subsidiary companies.

Shareholders are hereby advised that the board has adopted a resolution amending the limited suretyship of
R500 million granted to Nedbank Limited as referred to in the SENS announcement released on 21 December 2015 
up to a maximum amount of R400 million by way of a written cross guarantee incorporating a pledge and
cession in security in respect of the intra-group loans granted to subsidiary companies of OneLogix (the
“financial assistance”).

The board is satisfied and acknowledges that:

   (i)    immediately after providing such financial assistance, OneLogix would have satisfied the solvency
          and liquidity test as provided for in section 4 of the Act, and

   (ii)   the terms under which such financial assistance has been given are fair and reasonable to OneLogix.

Shareholders are further advised that OneLogix has been released from the limited suretyship of R5 million
granted by the company to WesBank, a division of FirstRand Bank Limited on behalf of OneLogix Proprietary
Limited as detailed in the SENS announcement released on 21 December 2015. The deed of suretyship and
indemnity totalling R130 million to Lombard Insurance Company Limited detailed in the SENS announcement
released on 21 December 2015 remains in place.

11 May 2017


Sponsor
Java Capital

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