UNICORN CAPITAL PARTNERS LIMITED - Unicorn Capital continues to focus on portfolio optimisation

Unicorn Capital continues to focus on portfolio optimisation

Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: UCP : ISIN: ZAE000244745
(“Unicorn Capital” or “the Company”)


UNICORN CAPITAL CONTINUES TO FOCUS ON PORTFOLIO OPTIMISATION

During 2018, Unicorn Capital completed a three-year restructuring exercise, which included closing,
merging and recapitalizing businesses in its portfolio of investments. As previously communicated, the
Company’s focus and strategy shifted from being a diversified mining and mining services group to an
investment holding company.

In light of this strategy, Unicorn Capital has continued to assess various options in respect of optimising
its investment portfolio and unlocking capital to pursue further value accretive investments which have
good investment characteristics and yield attractive returns on capital (“Portfolio Optimisation”). As part
of the Portfolio Optimisation process, Unicorn Capital is considering various options in relation to
Nkomati Anthracite Proprietary Limited (“Nkomati”), including, but not limited to, a disposal of Unicorn
Capital’s shareholding in Nkomati.

As a result, Unicorn Capital has appointed Nedbank Limited, acting through its Corporate and
Investment Banking division, to act as exclusive investment bank and corporate advisor to Unicorn
Capital to identify possible acquirors of Unicorn Capital’s investment in Nkomati.

Further announcements will be made as and when appropriate.

2 October 2018


Sponsor:
Questco Corporate Advisory (Pty) Ltd

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