Update announcement relating to the takeover offer for Mareterram Limited Sea Harvest Group Limited (Incorporated in the Republic of South Africa) (Registration number: 2008/001066/06) Share code: SHG ISIN: ZAE000240198 (“Sea Harvest” or “the Company”) Update announcement relating to the takeover offer for Mareterram Limited (“Mareterram”) Shareholders are referred to the announcement dated 5 February 2019 in terms of which shareholders were advised that Sea Harvest had entered into a binding bid implementation agreement with its 56.28% held Australian subsidiary, Mareterram, regarding the potential acquisition of all of the fully paid ordinary shares in the issued share capital of Mareterram not currently owned by Sea Harvest (through its wholly-owned subsidiary Sea Harvest International Proprietary Limited ("SHI"), by way of an off- market takeover offer (“Proposed Offer”). Shareholders are advised that as at the date of this announcement Sea Harvest has received acceptances for the Proposed Offer from Mareterram shareholders resulting in a holding of 95.36%. The Proposed Offer is unconditional and expected to close Friday, 5 April 2019. Sea Harvest will shortly commence with the compulsory acquisition of the balance of the shares in Mareterram (currently 4.64% remaining). It is expected that this process will be completed by the end of May 2019. Shareholders are referred to the Mareterram website at www.mareterram.com.au for the announcements released by Mareterram in this regard. Cape Town Monday, 1 April 2019 Australian Legal Advisors to Sea Harvest DLA Piper South African Legal Advisors to Sea Harvest CDH Investment Bank and Sponsor to Sea Harvest The Standard Bank of South Africa Limited Date: 01/04/2019 02:08:00 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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