HULISANI LIMITED - Conclusion of Acquisition and Withdrawal of Cautionary Announcement

Conclusion of Acquisition and Withdrawal of Cautionary Announcement

HULISANI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL ISIN: ZAE000212072
(“Hulisani” or “the Company”)

CONCLUSION OF ACQUISITION AND WITHDRAWAL OF CAUTIONARY
ANNOUNCEMENT

Shareholders are referred to the SENS announcement released on
3 April 2017 wherein the Company advised shareholders that it
has entered into a Share Sale Agreement to purchase 100% of
the issued share capital in Momentous Technologies. Momentous
Technologies owns 15% of the issued share capital in Rustmo1
Solar Farm (RF) Proprietary Limited (“Rustmo1”) (“the
Transaction”). Momentous Technologies exercised its pre-
emptive right to acquire an additional 51% of the issued share
capital in Rustmo1, subject to the fulfilment of conditions
precedent.

The Company is pleased to announce that the Transaction and
the pre-emptive process has been successfully concluded and
conditions precedent related to the Share Sale Agreement and
the exercise of the pre-emptive have been met or waived.

Consequently, shareholders are hereby advised that caution is
no longer required to be exercised when dealing in their
securities.

Johannesburg
1 June 2017

Sponsor and Corporate Advisor: PSG Capital Proprietary Limited

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