TIMES MEDIA GROUP LIMITED - Disclosure Of Acquisition And Disposal Of Securities

Disclosure Of Acquisition And Disposal Of Securities

TIMES MEDIA GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2008/009392/06
Ordinary share code: TMG
Ordinary share ISIN: ZAE 000169272
("TMG" or "the Company")

DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES

In accordance with section 122(3) of the Companies Act, No. 71 of
2008 and paragraph 3.83(b) of the Listings Requirements of the JSE
Limited, shareholders are hereby advised that the Company has
received a formal notification, in the prescribed form, that
Blackstar Group SE (“Blackstar”) has transferred the shares that were
previously directly held by it in TMG to its wholly-owned subsidiary,
Blackstar (Cyprus) Investors Limited (“BCIL”), with the result that
following the transfer:

 - the total beneficial interest in the securities of the Company
   held by BCIL amounts to 32.5% of the total issued ordinary share
   capital of the Company; and

 - the total beneficial interest in the securities of the Company
   directly held by Blackstar amounts to 0.0% of the total issued
   ordinary share capital of the Company.

Blackstar’s effective shareholding in the Company therefore remains
unchanged at 32.5% of the total issued ordinary share capital of the
Company.

20 May 2015
Johannesburg

Sponsor
PSG Capital

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