Update regarding the Acquisition of Group Wreck International Non-Ferrous Proprietary Limited Insimbi Industrial Holdings Limited (Formerly Insimbi Refractory and Alloy Supplies Limited) (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “ISB” or “the Group”) UPDATE REGARDING THE ACQUISITION OF GROUP WRECK INTERNATIONAL NON-FERROUS PROPRIETARY LIMITED (“GROUP WRECK” or “the COMPANY”) INTRODUCTION Shareholders are referred to the detailed terms announcement (per Section 9.15 of the JSE Listing Requirements) as issued on 27 August 2018, regarding the acquisition of Group Wreck. The relevant transaction agreements have now been concluded, Competition Commission approval has been received, and the parties are in the process of finalising the transaction funding arrangements. EFFECTIVE DATE All things being equal, based on the latest process timetable, it is expected that the Effective Date for the transaction will be on or about 15 November 2018. A finalisation announcement will be made when the transaction becomes unconditional. 2 November 2018 Johannesburg Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited Date: 02/11/2018 03:20:00 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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