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ZEDER INVESTMENTS LIMITED - Zaad To Acquire Hygrotech

Release Date: 06/12/2017 11:00
Code(s): ZED     PDF:  
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Zaad To Acquire Hygrotech

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

ZAAD TO ACQUIRE HYGROTECH

Zaad Holdings Limited (“Zaad”), a subsidiary of Zeder, serves
as its focused platform for operationally complimentary
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 entered into sale of
shares agreements in terms of which it will acquire 100% of the
issued shares in Hygrotech Properties Proprietary Limited
(“Hygrotech”). The acquisition is subject to the fulfilment of
certain conditions precedent, including Competition Commission
approval being obtained.

Hygrotech was founded in 1984 by Habe Roode and has since become
a market leader in vegetable seed marketing and distribution in
South Africa. Hygrotech offers a “one-stop” agricultural
solution, including seed, adjuvants, growth stimulants, seedling
systems, fertilisers, foliar feeds, biological products, plant
manipulators and mechanical implements.

Habe Roode will remain involved in the management of Hygrotech
for the duration of 2018 to assist in vegetable seed matters
with regard to worldwide sourcing, maintaining long term
relationships and product development. He will thereafter serve
as a consultant to the Zaad Group to specifically focus on
growing the business of marketing specific vegetable species and
varieties for Hygrotech International LLC in the United States
of America for the NAFTA region.

Stellenbosch
6 December 2017

Transaction Advisor and Sponsor
PSG Capital Proprietary Limited

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