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ECSPONENT LIMITED - Update on various transactions

Release Date: 31/10/2018 17:11
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Update on various transactions

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Debt Issuer Code: ECSP
(“Ecsponent”)

UPDATE ON VARIOUS TRANSACTIONS

Shareholders are referred to the announcements released on the Stock Exchange News Services dated
29 June 2018 and 26 September 2018 (“the Announcements”) and, using the terms defined therein, are
provided with the below update to the transactions described in the Announcements.

Update on the Pink Orchid Acquisition
Shareholders are advised that there has been a delay in the posting of a circular to Ecsponent shareholders
in relation to the Pink Orchid Acquisition, due to certain terms of the Pink Orchid Acquisition being
renegotiated.

Shareholders are further advised that the MyBucks shares that will be owned by Pink Orchid on the effective
date of the Pink Orchid Acquisition, as a part of the Phase 1 Assets and Liabilities will reduce from:
    •   16.23% to 15.07% of the total issued share capital of MyBucks;
    •   R635 to R614 million in short-term payables; and
as a result, the consideration to be paid by Ecsponent Treasury Services pursuant to the Pink Orchid
Acquisition will reduce from R200 million to R185 million.

The parties have also agreed to extend the date by which all conditions precedent must be met to, on or
before 31 March 2019.
All other terms and conditions remain unchanged.
The Pink Orchid Acquisition is a category two, related-party transaction as per the JSE Listings Requirements
and accordingly is subject to shareholder approval.

Update on Invest Solar Acquisition, Invest Solar Underwriting and the MHMK Management Agreement
Ecsponent intends to proceed with the implementation of the Invest Solar Acquisition, Invest Solar
Underwriting and the MHMK Management Agreement and shareholders will be advised in due course as to
the progress of these transactions, and the distribution of a circular in relation thereto.


Pretoria
31 October 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 31/10/2018 05:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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