ELLIES HOLDINGS LIMITED - Dispensation received on 60 day rule to dispatch circular

Dispensation received on 60 day rule to dispatch circular

ELLIES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
(“Ellies” or the “Company”)

DISPENSATION RECEIVED ON 60 DAY RULE TO DISPATCH CIRCULAR

Shareholders are referred to the announcement released on SENS on 26 February 2020 in which Ellies, through its
wholly-owned subsidiary Ellies Properties Proprietary Limited, concluded various sale of property agreements to sell
various properties as rental enterprises (“the properties”).

Two of the properties, namely the properties situated at 23 Bitcon Road, Village Deep Johannesburg and 5 Inglestone
Road, Village Deep Johannesburg (“Village Deep properties”) were purchased by Vegtu Investments Proprietary
Limited (“Vegtu”). Vegtu is an associate of Ellie Salkow, who has been a director of Ellies within the 12 months
preceding the disposal of the properties and who is a material shareholder of the Company.

The disposal of the Village Deep properties to Vegtu requires shareholder approval, as a related party transaction in
terms of the JSE Listings Requirements.

Shareholders are advised that the Company has received dispensation from paragraph 10.9 of the JSE Listings
Requirements which requires Ellies to dispatch a circular to its shareholders containing a notice of general meeting to
obtain their approval for the transaction within 60 days. The necessary circular will be posted to shareholders by no
later than 30 June 2020.

24 April 2020

Sponsor

Java Capital

Date: 24-04-2020 09:50:00
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