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DEUTSCHE BANK AG LONDON - DBNPAG NOTICE: DISTRIBUTION OF NOVUS HOLDINGS LIMITED SHARES (NOVUS SHARE/S) ON NASPERS STUB

Release Date: 14/09/2017 10:35
Code(s): DBNPAG     PDF:  
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DBNPAG NOTICE: DISTRIBUTION OF NOVUS HOLDINGS LIMITED SHARES (“NOVUS SHARE/S”) ON NASPERS STUB

Deutsche Bank AG, London

JSE Code:       DBNPAG
Short Name:     DBSTNPAG
Long Name:      DB STUBNPAG 18JAN2018
Underlying:     Naspers Limited (NPN)
Listing Date:   10 August 2017
Expiry Date:    18 January 2018
ISIN:           DE000DM097M3

(“Naspers STUB”)

NOTICE: DISTRIBUTION OF NOVUS HOLDINGS LIMITED SHARES (“NOVUS SHARE/S”) ON
NASPERS STUB

  1. Holders of Naspers STUB certificates are advised that Novus Shares will
     be distributable at the ratio of 0.34588 Novus Shares per Naspers STUB
     certificate following the unbundling of such Novus Shares by Naspers
     Limited as detailed in their SENS announcement dated 5 September 2017,
     titled “Unbundling of Novus Limited shares to Naspers shareholders”
     (“the Naspers SENS”).

  2. In the event that this distribution of Novus Shares results in a
     fractional share entitlement, Naspers STUB certificate holders are
     directed to the treatment of “Fractional entitlements” espoused in
     paragraph 4 of the Naspers SENS, which will be applied in all material
     respects to this distribution. Without derogating from the full
     treatment detailed therein, this entitles Naspers STUB certificate
     holders to Novus Shares in a number rounded down from the fractional
     entitlement to the nearest whole number, with a cash payment made for
     the fraction of the Novus Share so rounded down. This cash payment will
     be determined with reference to the volume weighted average price of a
     Novus Share traded on the JSE on ex date.

  3. Distributions are subject to Securities Transfer Tax at the prevailing
     market rate calculated on the market close price of a Novus Share on
     19 September 2017, being the last day to trade.

  4. Holders of Naspers STUB certificates are advised to consult their own
     taxation advisers on any further tax consequences attaching to this
     distribution.

  5. The following salient dates should be noted:

     Last day to trade “cum” distribution:    Tuesday, 19 September 2017
     Securities trade “ex” distribution:      Wednesday, 20 September 2017
     Announcement expected to be released
     on SENS in respect of the cash payment
     applicable to fractional entitlements:   Thursday, 21 September 2017
     Record date:                             Friday, 22 September 2017
     Naspers STUB Certificate holders’
     accounts at CSDP or broker expected to
     be updated and credited:                 Tuesday, 26 September 2017
     These dates are subject to amendment, particularly resulting from, but
     not limited to, any change of material dates by Naspers Limited to the
     Naspers SENS. Any material changes hereto will be released on SENS.

14 September 2017

Manager or Issuer:
Deutsche Bank AG, London

For further information contact:
Tel:      +27 11 775 7079
E-mail:   caitlin.van-rensburg@db.co.za

Date: 14/09/2017 10:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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