NUTRITIONAL HOLDINGS LIMITED - Share Consolidation

Share Consolidation

 Nutritional Holdings Limited
 (Registration number: 2004/002282/06)
 (Incorporated in the Republic of South Africa)
 (Share Code: NUT ISIN Code: ZAE000156485)
 (“Nutritional Holdings” or “the Company” )

Share Consolidation

Shareholders are advised that the board of directors have decided to undertake a Share
Consolidation to give Nutritional Holdings shareholders inter alia:

   •   a share price of a more acceptable level per share;
   •   to create value for shareholders; and
   •   to enable the Company to trade and issue shares at market-related prices.

The proposed terms of the Share Consolidation are that the authorised and issued share capital
be consolidated on a basis of 1 for 25, meaning that every twenty five no par value shares will be
consolidated into one no par value share.

A circular is being drafted and will be distributed to shareholders in due course.


24 November 2020
Durban

Designated Adviser
Exchange Sponsors

Date: 24-11-2020 12:54:00
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