ALVIVA HOLDINGS LIMITED - Notice in terms of section 45(5) of the companies act, 71 of 2008, as amended

Notice in terms of section 45(5) of the companies act, 71 of 2008, as amended

Alviva Holdings Limited
(Formerly Pinnacle Holdings Limited)
(Incorporated in the Republic of South Africa)
Registration number 1986/000334/06
Share Code: AVV
ISIN: ZAE000227484
(“Alviva” or “the Company”)


NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, 71 OF 2008, AS AMENDED
(THE “ACT”) FOR THE GRANTING OF FINANCIAL ASSISTANCE


In terms of section 45(5) (a) of the Act, notice is hereby given that the board of directors of Alviva,
pursuant to a board resolution adopted on 19 December 2017, authorised the Company to provide
financial assistance as detailed below, to a subsidiary company pursuant to the authority granted to the
board by shareholders at the annual general meeting of the Company held on 25 November 2016.


The board of directors, before authorising the Company to provide the financial assistance in terms of
section 45 of the Act, has satisfied itself that:
     . immediately after providing the financial assistance, the Company satisfied the solvency and
         liquidity test contemplated in section 4 of the Act;
     . the terms upon which financial assistance is to be given are fair and reasonable to the
         Company; and
     . there has been due compliance with the requirements of the Company’s constitutional
         documents and other founding documents and with the Act.


The provision of financial assistance arose as a result of the Company being required, from time to
time, in the ordinary course of business, to sign a parental company guarantee to enable its subsidiary
company to purchase IT products, software and services on credit as follows:
     .    IBM International Finance II B.V – US$10 000 000(ten million United States dollars).


Midrand
20 December 2017
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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