ZEDER INVESTMENTS LIMITED - Implementation of Category 2 Disposal

Implementation of Category 2 Disposal

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
(“Zeder” or “the Company”)

IMPLEMENTATION OF CATEGORY 2 DISPOSAL

Shareholders (“Shareholders”) are referred to Zeder’s announcement released on the Stock
Exchange News Service of the JSE Limited (“SENS”) on 29 August 2022 in terms of which
Zeder advised Shareholders of the conclusion of the agreement for the disposal by Zeder
Financial Services Limited (“ZFS”), a wholly-owned subsidiary of Zeder, of its shareholding in
Zeder Africa Proprietary Limited (“Zeder Africa”) to ForAfric Forestry Proprietary Limited
(“Disposal”). ZFS held 100% of the issued shares in Zeder Africa. Zeder Africa holds 55.62%
of the issued shares in Agrivision Africa, an investment holding company incorporated in
Mauritius with agricultural investments in Zambia.

Shareholders are advised that the remaining conditions precedent have been met, following
the extension of the date of fulfilment or waiver, and the Disposal has been implemented. The
Disposal consideration of R160,000,000 was released from escrow and received by Zeder on
Tuesday, 31 January 2023.


Stellenbosch
31 January 2023

Transaction Advisor to Zeder and Sponsor              Independent Joint Sponsor
             PSG Capital                                    Tamela Holdings


Transaction Advisor to ForAfric
            Pangaea Securities Limited

Date: 31-01-2023 03:30:00
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