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EPE CAPITAL PARTNERS LIMITED - Underlying investment realisation by Brait SE

Release Date: 08/06/2020 15:52
Code(s): EPE     PDF:  
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Underlying investment realisation by Brait SE

EPE CAPITAL PARTNERS LTD
(Incorporated in the Republic of Mauritius)
(Registration number: C138883 C1/GBL)
ISIN: MU0522S00005
Share Code: EPE
("Ethos Capital" or "the Company")

UNDERLYING INVESTMENT REALISATION BY BRAIT SE

Ethos Capital is an investment holding company, registered and incorporated in Mauritius. It is listed on
the Johannesburg Stock Exchange and offers shareholders long-term capital appreciation by making
commitments and investments into Funds or co-investments that are actively managed by Ethos Private
Equity (Pty) Limited ("Ethos"), providing the Company with exposure to a diversified portfolio of unlisted
private equity type investments ("Portfolio Companies").

Realisation of Iceland Foods by Brait SE

Brait SE ("Brait") today announced the disposal of its 63% stake in Iceland Topco Limited ("Iceland Foods")
to a newly established company, wholly owned by the founder and executive chairman and chief executive
officer of Iceland Foods. This disposal, as well as the sale of DGB that was announced in May 2020, is in line
with the new strategy announced by the Brait Board on 27 November 2019, that Brait would focus on
maximising value through the realisation of the existing assets in its portfolio over the next five years.

The sale (including deferred consideration) will realise c. R2.4 billion in Brait proceeds which will
significantly reduce its debt facility.

The announcement notes the Brait indicative carrying value of Iceland Foods at 31 March 2020 at R1,391
million, with the transaction value of the sale representing an 83% uplift over the above carrying value.

Further details can be found at:

https://brait.investoreports.com/wp-content/uploads/2020/06/Brait-SE-Market-Announcement-NAV-
update-and-transaction-announcement-2020-06-08.pdf

The financial information on which this announcement is based, has not been audited, reviewed and
reported on by the Company’s external auditors.

Ebene, Mauritius (with simultaneous circulation in Johannesburg)
08 June 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 08-06-2020 03:52:00
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