SEA HARVEST GROUP LIMITED - Update announcement relating to the takeover offer for Mareterram Limited

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

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