CONDUIT CAPITAL LIMITED - Conduit Capital Rights Offer Results

Conduit Capital Rights Offer Results

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND ISIN: ZAE000073128
(“Conduit Capital” or “the Company”)


CONDUIT CAPITAL RIGHTS OFFER RESULTS


Shareholders are referred to the announcements released on SENS on 20 October 2017 (“Declaration
Announcement”) and on 16 November 2017 (“Finalisation Announcement”) wherein shareholders were
advised that Conduit Capital intended to raise R350 000 000 by way of a fully subscribed renounceable
rights offer (“Rights Offer”), in terms of which the Company offered a total of 175 000 000 new Shares
(“Rights Offer Shares”) at a subscription price of 200 cents per Rights Offer Share (“Subscription
Price”) in the ratio of 29.689 Rights Offer Shares for every 100 Shares (“Ratio”) held at the close of
business on the record date for the Rights Offer, being Friday, 24 November 2017 (“Record Date”).

Shareholders are advised that 46 448 888 Rights Offer Shares (being 26.54% of the total Rights Offer
Shares) were subscribed for. The balance of the Rights Offer Shares (being 73.46% of the total Rights
Offer Shares), not subscribed for by shareholders, has been taken up by the subscriber, Riskowitz Value
Fund LP (“RVF”).

The results of the Rights Offer, which closed on Friday, 8 December 2017, are as follows:

                                                      Number of Rights        % of Rights Offer
                                                          Offer Shares                   Shares
Rights Offer Shares available for
subscription                                               175 000 000                     100%
Rights Offer Shares subscribed for by
Conduit Capital Shareholders                                46 448 888                   26.54%
Rights Offer Shares taken up by the
subscriber                                                 128 551 112                   73.46%

Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Conduit
Capital Shares on or about Monday, 11 December 2017.

The CSDP or broker accounts of holders of Dematerialised Conduit Capital Shares will be credited with
Rights Offer Shares and debited with payments due on Monday, 11 December 2017.


Johannesburg
11 December 2017

Sponsor and Corporate Adviser
Merchantec Capital

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