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Scheme Finalisation announcement
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
JSE share code: BIK ISIN: ZAE000101945
("Brikor" or "the Company")
Scheme Finalisation announcement
Capitalized terms used in this Announcement shall, unless contrary to the context or otherwise defined
herein, bear the meaning ascribed to them in the Circular to Brikor Shareholders, dated 7 September
2026.
Shareholders are referred to the circular dated 7 September 2026 regarding a scheme of arrangement
in terms of section 114(1)(e), read with section 115 of the Companies Act, proposed by the Brikor Board
between Brikor and its Shareholders in terms of which the shares of the Remaining Shareholders in
Brikor will be repurchased by Brikor for a cash consideration of 17.00 cents per share.
Shareholders are also referred to the SENS announcement dated 6 November 2026. The Takeover
Regulation Panel ("TRP") have confirmed that they are not pursing the complaint any further.
Further to the scheme meeting results announcement released on 9 October 2026, shareholders are
advised that all conditions precedent to the scheme have been fulfilled and accordingly the scheme is
unconditional. The offer to the remaining shareholders will open in accordance with the timetable and
dates set out below:
Date on which the Scheme is declared wholly Friday, 13 November 2026
unconditional and TRP compliance certificate received
Scheme Last Day to Trade to be on Tuesday, 17 November 2026
Wednesday, 18 November 2026
Trading in Brikor Shares on the JSE suspended from
commencement of trade
Friday, 20 November 2026
Scheme Record date
Monday, 23 November 2026
Operative Date
Monday, 23 November 2026
Scheme Consideration to be settled by electronic funds
transfer to Scheme Participants who hold Certificated
Shares who have lodged their Form of Surrender and
Transfer (white) with the Transfer Secretaries on or prior
to 12:00 on the Scheme Consideration Record Date
Monday, 23 November 2026
Scheme Participants who hold Dematerialised Shares will
have their accounts with their CSDP or Broker credited with
the Scheme Consideration on
Tuesday, 24 November 2026
Termination of listing of Brikor Shares on the JSE at
commencement of trade
Notes:
1) No dematerialisation or rematerialisation of Brikor Shares may take place from the
commencement of business on the Business Day following the Scheme Last Day to Trade
being Tuesday, 17 November 2026.
The Independent Board, individually and collectively:
• accepts responsibility for the accuracy of the information contained in this Announcement;
• confirms that, to the best of its knowledge and belief, the information contained in this Announcement
is true and correct; and
• confirms that this Announcement does not omit anything likely to affect the importance of the
information disclosed.
Nigel
13 November 2026
Designated Advisor
Exchange Sponsors
Date: 13/11/2026 04:42:00
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