IMBALIE BEAUTY LIMITED - Proposed rights offer and announcement of conditional offer of Cavi Brands (Pty) Ltd (Cavi)

Proposed rights offer and announcement of conditional offer of Cavi Brands (Pty) Ltd (“Cavi”)

IMBALIE BEAUTY LIMITED
"Imbalie” or “the Company” or “the Group”
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: ILE
ISIN: ZAE000165239

PROPOSED RIGHTS OFFER AND ANNOUNCEMENT OF CONDITIONAL OFFER OF
CAVI BRANDS (PTY) LTD (“CAVI”)

1   Proposed rights offer
    Imbalie is in the process of finalising a rights offer for the Company. A detailed
    announcement will be released in due course containing details of the rights offer.

2   Rationale for the rights offer
    The rationale for raising additional capital in terms of the rights offer for the Company
    is inter alia as follows:
    -    to strengthen the balance sheet of Imbalie Beauty;
    -    to fund an internal restructuring of the Company; and
    -    to continue to fund the ongoing growth of the Group.

3   CAVI transaction
    Shareholders are referred to the SENS announcement dated 7 July 2017. Imbalie
    and CAVI have agreed not to proceed with the conditional offer from CAVI.



Designated Adviser
Exchange Sponsors

Woodmead
27 September 2017

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