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Sharenet Sites
Change in Strategic Vendor Partnership Status
ISA Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009608/06)
Share code: ISA ISIN: ZAE000067344
(“ISA” or “the Company”)
CHANGE IN STRATEGIC VENDOR PARTNERSHIP STATUS
On 27 November 2019, the Company received a Notice of Demotion from one of its strategic vendor
partners, Check Point Software Technologies Limited (“Check Point”), stating that they have decided to
downgrade ISA’s partner status to an entry-level reseller, this after months of discussions between ISA
and Check Point to repair the strained relationship that had developed between ISA, Check Point and
their respective teams.
While it is both ISA’s and Check Point’s intention to continue discussions with one another aimed at
having the Company’s partnership level elevated once again, shareholders are advised that this
demotion is likely to have a negative impact on ISA in the short term. The Company will closely monitor
the effects on its performance and will timeously provide updates to stakeholders as the effects are
better understood, including the effects on earnings in the current reporting period.
ISA remains committed to working with leading vendors in the global information security market to
assist its customers in mitigating the risks posed by the rapidly evolving information security threat
landscape.
Johannesburg
28 November 2019
Designated Adviser
Merchantec Capital
Date: 28-11-2019 03:41:00
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