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CONSOLIDATED INFRASTRUCTURE GROUP LIMITED - Extended waiver and debt standstill

Release Date: 29/03/2018 15:41
Code(s): CIL     PDF:  
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Extended waiver and debt standstill

CONSOLIDATED INFRASTRUCTURE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
JSE share code: CIL ISIN: ZAE000153888
(“Consolidated Infrastructure” or “the Company”)

EXTENDED WAIVER AND DEBT STANDSTILL

Consolidated Infrastructure shareholders are referred to the Company’s announcement published on SENS on
15 February 2018 (“the 15 February 2018 announcement”) providing information with regards to the extended waiver
and debt standstill agreed with its funders for the period ending 28 February 2019. In the 15 February 2018
announcement, it was stated that Consolidated Infrastructure had commenced a process of reviewing and evaluating its
optimal long-term funding requirements and capital structure, and that the Company would provide an update to its
stakeholders by no later than 31 March 2018.

The Company, working with its external advisers Rand Merchant Bank, has made significant progress in evaluating its
funding requirements for the execution of its strategy.

The process is ongoing and it is the intention of the Company to provide detailed feedback with respect to this process
when successfully concluded, which is anticipated to be by the end of April 2018.

The successful outcome of this engagement should improve the sustainability and prospects of the Company for the
benefit of all stakeholders concerned.

29 March 2018

Sponsor
Java Capital 
Date: 29/03/2018 03:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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