SABVEST LIMITED - Changes to offshore portfolio weightings

Release Date: 22/08/2018 14:14
Code(s): SBV SVN
 
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Changes to offshore portfolio weightings

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares
ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares
("Sabvest”)

CHANGES TO OFFSHORE PORTFOLIO WEIGHTINGS

Shareholders are advised that Sabvest has rebalanced its offshore listed and cash/ETF
holdings as follows:

Portfolios at 30 June 2018
                                                          Percentage
                                                           of Assets
                                $’000         R’000             Held

Listed Equity Portfolios       26 549       394 201            73,4%
Listed Equity Investment*       2 776        41 222             7,7%
Cash and Bond ETF’s             7 400       101 819            18,9%
TOTAL                          36 725       537 242           100,0%

Portfolios at 20 August 2018

Listed Equity Portfolios        7 935       116 569            26,7%
Listed Equity Investment*       2 240        32 900             7,5%
Cash and Bond ETF’s            19 678       288 109            65,8%
                               29 853       437 578           100,0%

Cash to be remitted**           7 000       102 489
TOTAL                          36 853       540 067


* 26,4 million ordinary shares in Corero Network Security Plc (AIM)

**$7m will be remitted to RSA to partially fund the share buyback referred to in the SENS
announcement dated 16 August 2018

These figures have not been reviewed and reported on by the group’s external auditors.


Sandton
22 August 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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