Update on category 1 related party disposal transaction Unicorn Capital Partners Limited Incorporated in the Republic of South Africa (Registration number 1992/001973/06) Share code: UCP ISIN: ZAE000244745 (“Unicorn” or “the Company”) UPDATE ON CATEGORY 1 RELATED PARTY DISPOSAL TRANSACTION Shareholders are referred to the terms announcement released on the Stock Exchange News Service of the JSE on 9 December 2019 relating to the proposed acquisition of 51% in aggregate of the issued share capital of UCP Holdings Proprietary Limited (“Newco”) by The Reef Group Proprietary Limited (“TRG”) and Calibre Investment Holdings Proprietary Limited (“CIH”) (“Proposed Transaction”). Shareholders were advised that the Proposed Transaction is subject to the fulfilment and/or waiver, as the case may be, of conditions precedent. Shareholders are now advised that due to certain conditions not becoming unconditional in accordance with the agreement entered into between Unicorn, Newco, TRG and CIH, the Proposed Transaction in its current form will not proceed. The board of directors of Unicorn is currently in the process of considering alternatives in order to ensure that the funding requirements and obligations of the Company are met going forward. Johannesburg 15 April 2020 Corporate Advisor and Transaction Sponsor Questco Corporate Advisory Proprietary Limited Date: 15-04-2020 08:00:00 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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