GROUP FIVE LIMITED - Monthly update on the business rescue proceedings, disposals, post commencement finance and business rescue plan

Monthly update on the business rescue proceedings, disposals, post commencement finance and business rescue plan

Group Five Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/000032/06)
Share code: GRF ISIN: ZAE000027405
("Group Five" or "the Company" or "the Group")

MONTHLY UPDATE ON THE BUSINESS RESCUE PROCEEDINGS, DISPOSALS, POST
COMMENCEMENT FINANCE AND BUSINESS RESCUE PLAN

Shareholders are referred to the SENS announcements of 14th May, 20th June, 23rd July and
20th August 2019 which contained the monthly updates of the business rescue proceedings.

Shareholders are further referred to the SENS announcement made on 11th September 2019
which contained the results of the meeting of creditors convened in terms of Section 151 and
152 of the Companies Act, No 71 of 2008 (“the Companies Act”) where the creditors voted in
favour of the adoption of the Business Rescue Plans for both Group Five Limited and Group
Five Construction (Pty) Limited.

The Business Rescue Plan, including detailed annexures, prepared in terms of Section 150
of the Companies Act for each entity is available on the Company’s website (www.g5.co.za).
An updated status report of the Business Rescue process for September has also been
published on the Group’s website.

A group of shareholders of the Company have requested sight of the resolutions that were
passed in May 2018 by the Board of Directors to authorise the Bridge Facility agreement and
associated Finance Documents. In the interest of equal disclosure a redacted extract of the
resolutions passed has been released and is available for inspection on the Company’s
website (www.g5.co.za).

26 September 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 26/09/2019 04:23:00
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