PETMIN LIMITED - FURTHER SUPPORT FOR THE OFFER AND COMPETITION COMMISSION APPROVAL

FURTHER SUPPORT FOR THE OFFER AND COMPETITION COMMISSION APPROVAL

PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET
ISIN: ZAE000076014
("Petmin" or the "Company")

FURTHER SUPPORT FOR THE OFFER AND COMPETITION COMMISSION APPROVAL

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear 
the same meanings ascribed thereto in the joint firm intention announcement published by Petmin, 
Bidco and Capitalworks on SENS on 19 December 2016 ("Firm Intention Announcement").

Shareholders are referred to the Firm Intention Announcement and the subsequent announcements 
pertaining to the Offer, published on SENS on: 

*   29 December 2016, relating to further irrevocable support for the Offer ("Update 
    Announcement"); 
*   20 February 2017, relating to the extension of the posting date of the Circular, accompanied by 
    the Prospectus; and 
*   23 February 2017, relating to the revised pro forma financial effects of the Offer.

FURTHER SUPPORT FOR THE OFFER

Shareholders were advised in the Update Announcement that further Irrevocables had been obtained, 
such that support for the Offer in the form of Irrevocables represented 46.47% of the Offer Shares.

Shareholders are advised that, since the Update Announcement, further Irrevocables and non-binding 
letters of support ("Letters of Support") in respect of the Offer have been obtained. 

As at the date of this announcement, the total Shareholder support for the Offer represents 56.70% of 
the Offer Shares, comprising: 

*   49.87% of the Offer Shares in the form of Irrevocables; and 
*   6.83% of the Offer Shares in the form of Letters of Support.

COMPETITION COMMISSION APPROVAL 

In the Firm Intention Announcement Shareholders were informed that the implementation of the 
Scheme and the Standby Offer are conditional upon the receipt of the Regulatory Consents. These 
Regulatory Consents include the approval of the South African Competition Authorities.

Shareholders are advised that, since the Firm Intention Announcement, the Competition Commission 
has unconditionally approved the Transaction. Details of the remaining Scheme Conditions and 
Standby Offer Conditions will be set out in the Circular, accompanied by the Prospectus, which will be 
posted to Shareholders on or about 3 April 2017.

Johannesburg
3 March 2017

Corporate advisor to Capitalworks and Bidco
One Capital Advisory Proprietary Limited

Attorneys to Capitalworks and Bidco
Cliffe Dekker Hofmeyr Inc.

Attorneys to Petmin
Cliffe Dekker Hofmeyr Inc.

Sponsor and corporate advisor to Petmin
River Group 




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