RECM AND CALIBRE LIMITED - Joint Announcement Delay in Distribution of Circular

Joint Announcement – Delay in Distribution of Circular

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 – DELAY IN DISTRIBUTION OF CIRCULAR

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

(collectively “the Acquisition”).

Shareholders are hereby advised that the posting of the circular relating to the proposed Acquisition
has been delayed and is expected to be distributed on or before 30 November 2020.


03 November 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: 03-11-2020 03:49:00
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