TASTE HOLDINGS LIMITED - Results of Rights Offer

Results of Rights Offer

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste”)


RESULTS OF RIGHTS OFFER



Shareholders are referred to the announcements released on SENS on 19 December 2017 and
4 January 2018 and the circular dated 9 January 2018 (and using the terms defined therein
unless otherwise stated) wherein Taste advised that it intended to raise R398 000 000.70 from
its Shareholders by way of a fully committed renounceable rights offer. In terms of the Rights
Offer, Taste would offer Shareholders 442 222 223 new Shares in aggregate at a subscription
price of 90 cents per Rights Offer Share in the ratio of 96.28624 Rights Offer Shares for every
100 Shares held by them at the close of business on the Initial Record Date for the Rights Offer,
being Friday, 12 January 2018.

Shareholders are advised that, in terms of the Commitment Agreement, the Rights Offer was
underwritten by RVF, who together with its affiliates, held 38.3% of the total number of Taste
Shares prior to the Rights Offer. Shareholders are advised that, following the close of the Rights
Offer on Friday, 26 January 2018, 61 219 213 Rights Offer Shares, representing 13.84% of the
total Rights Offer Shares, were subscribed for. The remaining 86.16% of the total Rights Offer
Shares will be issued to RVF in terms of the Commitment Agreement.

Share certificates for Rights Offer Shares subscribed for by the holders of Certificated Shares
will be posted to those holders on or about Monday, 29 January 2018.

The CSDP or broker accounts of holders of Dematerialised Shares will be credited with Rights
Offer Shares and debited with payments due on Monday, 29 January 2018.


Johannesburg
29 January 2018


Sponsor and Corporate Advisor
Merchantec Capital

Legal Advisor to Taste
PricewaterhouseCoopers Legal Proprietary Limited

Legal Advisor to RVF
Bowman Gilfillan Inc.

Date: 29/01/2018 01:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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