BELL EQUIPMENT LIMITED - Voluntary Announcement

Voluntary Announcement

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“the Company”)

BELL EQUIPMENT LIMITED VOLUNTARY ANNOUNCEMENT

Shareholders are referred to the various media articles
published on 15, 19 and 20 January 2021.

The Company wishes to clarify the following:

    1. The previous SENS announcement made by the Company on 6
       November 2020 remains applicable; specifically that the
       Company had been informed that a formal binding
       agreement for the acquisition by I A Bell of John Deere’s
       shareholding in the Company had been concluded subject to
       certain conditions precedent.
    2. The Company has not received any formal notification of the
       fulfilment of the conditions precedent.
    3. Shareholders will be informed if and when the conditions
       precedent are fulfilled.
    4. If the Company receives formal notification of an offer
       regarding the acquisition of the minorities shareholding in
       Bell Equipment, it shall comply fully with the Takeover
       Regulation Panel requirements and the JSE Listings
       Requirements.


Richards Bay
20 January 2021
Sponsor: INVESTEC BANK LIMITED




2857/02/2012

Date: 20-01-2021 03:55:00
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