SABVEST LIMITED - Asset swap investments concluded

Release Date: 14/02/2018 16:09
Code(s): SBV SVN
Wrap Text
Asset swap investments concluded

(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N ordinary share code SVN and ISIN: ZAE000012043


Further to the investment update released on the Stock Exchange News Service on 2 February
2018, shareholders are advised that Sabvest has implemented the R300m asset swap from rands
to US dollars referred to therein. Based on the experience of years of investing in its existing
offshore general portfolio and its direct participation in numerous technology investments and
boards over a number of decades, Sabvest resolved to utilise a meaningful portion of its cash
resources to establish a larger bespoke technology portfolio. This has been concluded in the
dollar equivalent amount of R208m as follows:

 Sabvest Technology Holdings                                   US$

 Activision Inc.                                           748 000
 Alibaba Group Holding Ltd.                              1 434 000
 Alphabet Inc. – C Share                                 1 368 000 Inc.                                         1 414 000
 Apple Inc.                                                986 000 Inc.                                            902 000
 Facebook Inc.                                           1 385 000
 Microsoft Corp.                                           890 000
 NetEase Inc.                                              750 000
 Netflix Inc                                               775 000
 NVida Corp.                                               814 000
 Palo Alto Networks Inc.                                   942 000
 Splunk Inc.                                               799 000
 Tencent Holdings Ltd.                                   1 490 000
 Visa Inc.                                                 947 000
 Sub Total                                              15 644 000

 Vanguard Technology Fund                                1 765 000
 Total Technology Portfolio                             17 409 000

The balance of $7,3m held abroad after the asset swap will for the time being be held in cash
and liquid interest-bearing instruments pending other investment opportunities.

14 February 2018

Financial adviser and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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