RECM AND CALIBRE LIMITED - Joint Announcement Extension of Fulfilment Date for Conditions Precedent

Joint Announcement – Extension of Fulfilment Date for Conditions Precedent

ASTORIA INVESTMENTS LTD                        RECM AND CALIBRE LIMITED
(Incorporated in the Republic of Mauritius)    (Incorporated in the Republic of South Africa)
Registration number 129785 C1/GBL              Registration number 2009/012403/06
SEM share code: ATIL.N0000                     Preference Share Code: RACP
JSE share code: ARA                            ISIN: ZAE000145041
ISIN: MU0499N00015                             ("RAC")
(“Astoria”)

JOINT ANNOUNCEMENT – EXTENSION OF FULFILMENT DATE FOR CONDITIONS PRECEDENT

Shareholders are referred to the announcement published on SENS on 28 August 2020, wherein
shareholders were advised that Astoria entered into an agreement with RAC Investment Holdings
Proprietary Limited (“RACIH”) (“the Agreement”) to acquire:

   -   a portfolio of assets (“the Investment Portfolio”) from RACIH in exchange for 83 new Astoria
       shares; and
   -   RACIH’s interest in JB Private Equity Investors Partnership in exchange for 17 new Astoria
       shares.

Shareholders are advised that the parties have amended the Agreement in order to extend the date
for fulfilment of the conditions precedent for the acquisition of the Investment Portfolio from 30
September 2020 to 31 December 2020, or such later date as agreed between the parties.


29 September 2020
Mauritius

Corporate Advisor and Transaction Sponsor to RAC
Questco Proprietary Limited

JSE Transaction Designated Advisor to Astoria
Questco Proprietary Limited

Company Secretary
Clermont Consultants (MU) Limited

Date: 29-09-2020 01:59:00
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