MPACT LIMITED - Ratio applicable to the scrip distribution

Ratio applicable to the scrip distribution

Mpact Limited
(Incorporated in the Republic of South Africa)
(Company registration number 2004/025229/06)
Income tax number: 9003862175
JSE Share Code: MPT
JSE ISIN: ZAE000156501
(“Mpact” or “the Company”)

RATIO APPLICABLE TO THE SCRIP DISTRIBUTION

Shareholders are referred to the Company’s unaudited interim financial results for the six months ended 30 June
2018, published on the Stock Exchange News Service on 8 August 2018 in which they were advised of the Company’s
declaration of an interim distribution of fully-paid Mpact ordinary shares of no par value (“the Scrip Distribution”) to
ordinary shareholders (“Shareholders”) recorded in the register of the Company at the close of business on the Record
Date, being Friday, 7 September 2018 (“the Record Date”).

Shareholders will, however, be entitled to elect to receive a cash dividend of 15 cents per ordinary share of no par
value held on the Record Date in respect of all or part of their ordinary shareholding, instead of the Scrip Distribution
(“the Cash Dividend”).

A circular setting out the terms of the Scrip Distribution and Cash Dividend alternative, including a Form of Election,
was posted to shareholders on Wednesday, 8 August 2018.

The Cash Dividend will be paid only to those:

•   certificated Shareholders whose Forms of Election to receive the Cash Dividend, in respect of all or part of their
    shareholding, are received by the Transfer Secretaries on or before 12h00 on Friday, 7 September 2018; and
•   dematerialised Shareholders who have instructed their CSDP or broker accordingly and in the manner and time
    stipulated in their agreement with such CSDP or broker.

The number of Scrip Distribution shares to which each Shareholder will become entitled pursuant to the Scrip
Distribution (to the extent that such Shareholder has not elected to receive the Cash Dividend) will be determined by
reference to such Shareholder’s ordinary shareholding in Mpact (at the close of business on the Record Date) in
relation to the ratio that 15 cents bears to 2319 cents, representing the volume weighted average price (“VWAP”) of
an ordinary Mpact share traded on the JSE during the 30-day trading period ending on Monday, 27 August 2018. The
ratio of Scrip Distribution shares to which each Shareholder will become entitled pursuant to the Scrip Distribution (to
the extent that such Shareholder has not elected to receive the Cash Dividend) is therefore 0.64683 Scrip Distribution
shares for every 100 ordinary shares held on the Record Date.

Where the application of this ratio gives rise to a fraction of an ordinary share, such fraction will be rounded down to
the nearest whole number, resulting in allocations of whole ordinary shares and a cash payment for the fraction
(“Rounding Provision”).

The applicable cash payment will be determined with reference to the VWAP of an ordinary Mpact share traded on
the JSE on Wednesday, 5 September 2018, (being the day on which an ordinary Mpact share begins trading ‘ex’ the
entitlement to receive the Scrip Distribution or the Cash Dividend alternative), discounted by 10%.

The applicable cash payment will be announced on SENS on Thursday, 6 September 2018.

Example of Scrip Distribution entitlement:
This example assumes that a Shareholder holds 100 ordinary shares at the close of business on the Record Date and
does not elect to receive the Cash Dividend in respect of all or part of their shareholding.

New ordinary share entitlement =
100 x 15 cents
2319 cents
= 0.64683 new share
(then apply the Rounding Provision described above)
= 0 Scrip Distribution share[s] in respect of the 100 ordinary shares held.

Melrose Arch
Tuesday, 28 August 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/08/2018 11:00:00 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.