FINBOND GROUP LIMITED - Announcement that the Offer by RVF is unconditional

Announcement that the Offer by RVF is unconditional

Finbond Group Limited                    
(Incorporated in the Republic of South Africa)                            
(Registration number 2001/015761/06)                          
(JSE share code: FGL)
(ISIN: ZAE ZAE000138095)
(“Finbond”)

Riskowitz Value Fund LP
(Formed in the State of Delaware in the United States of America)
(Registration number 4797702)
(“RVF”)

ANNOUNCEMENT THAT THE MANDATORY OFFER BY RVF IS UNCONDITIONAL

1.   INTRODUCTION

     Shareholders of Finbond (Finbond Shareholders) are referred to the firm
     intention announcement released by Finbond on the stock exchange news
     service of the JSE Limited on 26 May 2017 and the circular posted to
     Finbond Shareholders on 29 June 2017, relating to the mandatory offer
     required to be made to Finbond Shareholders by RVF (“Offer”).

     As set out in paragraph 4 of the firm intention announcement and
     paragraph 5.9.2 of the circular, the Offer is conditional upon all and
     any requisite regulatory approvals.

2.   OFFER UNCONDITIONAL

     Finbond Shareholders are advised that all the required regulatory
     approvals have been obtained and that the Offer is consequently
     unconditional in accordance with its terms. As the Offer is still open
     for at least 10 business days, the closing date of the Offer does not
     require extension, and shall accordingly remain Friday, 18 August 2017.




Johannesburg
27 July 2017


Sponsor to Finbond
Grindrod Bank Limited

Legal Advisor to RVF
Bowman Gilfillan Inc.

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