PBT Circular Update PBT Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1936/008278/06) JSE Share code: PBG ISIN: ZAE000227781 ("PBT Group" or “the Company”) PBT CIRCULAR UPDATE Shareholders are referred to the circular posted by the Company on 23 March 2018 in respect of the specific repurchase involving related parties (“the Transaction”) and the share consolidation (“the Circular”). As part of the Transaction consideration will be settled in PBT shares, The Takeover Regulation Panel (“the TRP”) has determined that this is an affected transaction in terms of the Companies Act, No.71 of 2008 (the Act). The Circular was not approved by the TRP in terms of the Act and Takeover Regulations. As such, a further circular has been submitted to the TRP for approval. The supplementary circular will include a separate independent expert report to deal with the share repurchase portion of the Transaction. Any additional disclosures to the circular that may be required by the TRP will also be included in the supplementary circular to shareholders. The date of posting of the supplementary circular will be announced in due course. Cape Town 05 April 2018 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 05/04/2018 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of 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, information disseminated through SENS.
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