SPANJAARD LIMITED - Withdrawal of Cautionary Announcement and Posting of Circular

Withdrawal of Cautionary Announcement and Posting of Circular

SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share code: SPA ISIN: ZAE000006938
(“the Company” or “Spanjaard”)

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT AND POSTING OF CIRCULAR


1. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
   Shareholders are referred to the cautionary announcements published on SENS on 16 April
   2021, 21 May 2021, 2 July 2021 and 16 August 2021 respectively as well as the announcement
   published on 27 August 2021, advising that a firm intention had been received from Spanjaard
   Group Limited (“SG”) to acquire 100% of the remaining issued ordinary share capital of the
   Company, which SG does not already own. The offer would be implemented by way of a
   scheme of arrangement, failing which a standby offer will be made.

   In light of the above, shareholders are advised that the cautionary announcement is now
   withdrawn.

2. POSTING OF CIRCULAR AND SALIENT DATES
   Shareholders are advised that the draft Circular to shareholders has been submitted to the TRP
   and the JSE for comments and will be sent to shareholders following formal approval, including
   the notice of a General Meeting in terms of section 114(1)(c) of the Companies Act, No. 71 of
   2008 as well as the important dates and times in relation to the Scheme. The salient dates will
   be announced in due course.

JOHANNESBURG
23 September 2021


Sponsor                                                      Independent Expert
AcaciaCap Advisors Proprietary Limited                   Suez Capital Proprietary Limited

Date: 23-09-2021 01:00:00
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