Update on the Disposal of ELB's interest in the ELB Flying Services Partnership ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) UPDATE ON THE DISPOSAL OF ELB’S INTEREST IN THE ELB FLYING SERVICES PARTNERSHIP Shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) on 15 July 2019, wherein shareholders were advised that ELB had disposed of its interest in the ELB Flying Services Partnership, and using the terms defined therein, shareholders are now further advised that the requisite fairness opinion has been obtained from an Independent Expert, and that the Independent Expert has concluded that the Transaction is fair as far as the shareholders of ELB are concerned. In accordance with paragraph 10.7(c) of the Listings Requirements of the JSE Limited, the report by the Independent Expert will be available for inspection at the Company’s registered office for a period of 28 days from the date of this announcement. Rivonia 16 August 2019 Sponsor and Independent Expert Questco Corporate Advisory Proprietary Limited 1 Date: 16/08/2019 12:25:00 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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