EFFICIENT GROUP LIMITED - Posting of Circular and Notice of General Meeting

Posting of Circular and Notice of General Meeting

 EFFICIENT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/036947/06)
 JSE share code: EFG ISIN: ZAE 000151841
   (“the company” or “Efficient”)

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING

Shareholders are referred to the SENS announcement published on 20 November 2013 wherein it was advised
that Efficient had concluded an agreement with Christoffel Philippus Burger, Nicolaas Elmar Burger, Walter
William Borthwick, the trustees for the time being of the Burger Family Trust, the trustees for the time being
of the Arend De Waal Trust, the trustees for the time being of the Aliki Trust, the trustees for the time being of
the MJK Family Trust (the “sellers”), Verso Investment Services Proprietary Limited (“VIS”), Verso
Multimanager Proprietary Limited, Verso Securities Proprietary Limited, Verso Fiduciary Services Proprietary
Limited, Martin James Kift, Paul Kirsten Louw and Arend Egbertus De Waal dated 18 November 2013 in terms
of which, inter alia, Efficient, as the purchaser, has purchased from the sellers, all of the issued shares of VIS
for an aggregate purchase price of R72 061 856. Given that the acquisition is classified as a Category 1
transaction by the JSE, the approval of Efficient shareholders is required for the acquisition.

Shareholders are advised that a circular, incorporating a notice of general meeting, was posted to shareholders
on 6 February 2014. A general meeting of Efficient shareholders will be held at 10:00 on Friday, 7 March 2014
at the registered offices of Efficient (81 Dely Road, Hazelwood, Pretoria, 0081) to consider and, if deemed fit,
pass with or without modification, the resolutions contained in the notice of general meeting attached to the
circular.

The salient dates and times for the general meeting are set out below:

                                                                                                            2014
 Circular posted to Efficient shareholders (recorded in the register on Friday, 31
 January 2014) and notice convening the general meeting released on SENS on:               Thursday, 6 February
 Notice convening the general meeting published in the press on:                             Friday, 7 February
 Voting last day to trade in Efficient shares in order to be recorded in the register
 on the voting record date (see note 2 below) on:                                            Friday, 21 February
 Voting record date to vote at the general meeting being 17:00 on:                           Friday, 28 February
 Last day for receipt of proxies for the Efficient shareholders’ general meeting by
 10:00 (see note 3 below) on:                                                              Wednesday, 5 March
 Efficient shareholders’ general meeting to be held at 10:00 on:                               Friday, 7 March
 Results of general meeting released on SENS on:                                               Friday, 7 March




{E74/00136296.DOCX/ANNOUNCE/SJ}
Notes:
1.     All dates and times are local times in South Africa. The above dates and times are subject to change.
       Any changes will be released on SENS.
2.     Efficient shareholders should note that as transactions in shares are settled in the electronic
       settlement system used by Strate, settlement of trades takes place five business days after such
       trade. Therefore persons who acquire Efficient shares after the voting last day to trade will not be
       eligible to vote at the general meeting.
3.     If a form of proxy is not received by the time and date shown above or not less than 48 hours before
       recommencement of any adjourned or postponed meeting, it may be handed to the Chairman of the
       general meeting not later than 10 minutes before the general meeting is due to commence or
       recommence.



7 February 2014

Corporate advisor and sponsor

Java Capital





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