BOWLER METCALF LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

Bowler Metcalf Limited
REG NO: 1972/005921/06
SHARE CODE: BCF ISIN CODE: ZAE000030797
(Incorporated in the Republic of South Africa)
(“Bowler Metcalf” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement dated 9 February 2018, shareholders
are advised that the reported expression of interest (“EOI”) to acquire Bowler
Metcalf’s interests and claims in its investment in associate is still valid and the
Company remains engaged in final negotiations as to the terms of such disposal.

These negotiations, if successfully concluded, may have a material effect on the
share price of the Company. Accordingly, shareholders are advised to continue
exercising caution when dealing in the Company’s securities until a further
announcement is made.


Cape Town
23 March 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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