KAAP AGRI LIMITED - Acquisition Not Proceeding

Acquisition Not Proceeding

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri” or the “Company”)

ACQUISITION NOT PROCEEDING

1.   In its SENS announcement dated 10 November 2017, Kaap Agri advised that certain of its
     subsidiaries had entered into a transaction to acquire three retail fuel operations, situated in
     Gauteng and in Limpopo, and two accompanying retail fuel related properties (“Acquisition”).

2.   In the Company’s SENS announcement dated 1 March 2018, shareholders were advised that
     certain of the conditions precedent to the Acquisition were yet to be fulfilled and that the parties
     had agreed to extend the date by which the final conditions precedent were to be completed, to
     30 March 2018.

3.   Shareholders are advised that the remaining conditions precedent were not fulfilled by
     30 March 2018 and have, accordingly, lapsed. In the circumstances, Kaap Agri was not
     amenable to negotiating a further extension of the deadline for these conditions precedent and
     the Acquisition will therefore not be proceeding.

3 April 2018
Paarl

Transaction adviser and sponsor
PSG Capital 

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