TRANS HEX GROUP LIMITED - Update on the proposed disposal by Trans Hex of its head office building

Update on the proposed disposal by Trans Hex of its head office building

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1963/007579/06
ISIN: ZAE000018552
Share code: TSX
(“Trans Hex” or the “Company”)


UPDATE ON THE PROPOSED DISPOSAL BY TRANS HEX OF ITS HEAD OFFICE BUILDING


Trans Hex shareholders (“Shareholders”) are referred to the announcement released on SENS on
Thursday, 6 September 2018 wherein Shareholders were advised that Trans Hex Operations
Proprietary Limited (“THO”), a wholly owned subsidiary of Trans Hex, had entered into an agreement
of sale with Mr Darren Goodman and Mr Adam Singer, in their capacity as directors of, and on behalf
of, a company which was yet to be incorporated (“Purchaser”), (“Agreement”), in terms of which THO
had agreed to sell the Company’s head office building (“Property”) to the Purchaser, subject to certain
conditions.

Shareholders are advised that the Agreement did not become unconditional in accordance with its terms
and conditions and accordingly lapsed on 12 December 2018. In the circumstances, the disposal of the
Property to the Purchaser was not concluded.

Shareholders are further advised that THO subsequently received an offer to purchase the Property
from the University of the Western Cape (“UWC”), (“OTP”), which THO accepted on 13 May 2019. In
terms of the OTP, THO has agreed to sell the Property to UWC for a total cash consideration of
R30 million (exclusive of value added tax), payable on the date of the registration of the Property, by
the Registrar of Deeds Office, into the name of UWC (“Disposal”).

The Property is located at 405 Voortrekker Road, Parow 7500, South Africa and has been used as the
registered and head office of the Company for approximately 30 years. The carrying value of the
Property as at 30 September 2018 amounted to R1 175 500. The Disposal is expected to provide THO
and the Company with additional capital to fund its working capital requirements and / or future
operational growth.

The Disposal is classified as a category 1 transaction, as contemplated in paragraph 9.5(b) of the JSE
Limited Listings Requirements and remains conditional on the approval by Shareholders at a general
meeting. Further details regarding the Disposal and a circular to Shareholders will be communicated in
due course.


Cape Town
20 May 2019

Sponsor
One Capital

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