AH-VEST LIMITED - Notification in accordance with section 45 of the Companies Act, 2008

Notification in accordance with section 45 of the Companies Act,  2008

AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
(“AH-Vest” or “the Company”)
Share code: AHL        ISIN code: ZAE000129177


NOTIFICATION IN ACCORDANCE WTIH SECTION 45 OF THE COMPANIES ACT, 2008 (“THE ACT”)


Shareholders of AH-Vest are referred to the special resolution tabled and approved at the
Annual General Meeting held on 27 January 2021, authorising, inter alia, directors to provide
financial assistance to or for the benefit of any company or corporation which is related or inter-
related to the Company.

In terms of section 45(2) of the Act, the board has authorised the Company to continue to
provide a variable loan facility to the holding company, Eastern Trading Proprietary Limited, for
purposes of partially funding the tomato out-grower scheme in the Limpopo Province, which
loan is repaid through the purchasing of tomato paste by AH Vest which, in turn, enables AH-Vest
to secure the local supply of tomato paste, thereby reducing the company’s exposure to imports
and foreign exchange risk. This authority has been approved previously in accordance with the
Act.

The board has satisfied itself that the terms of the facility are fair and reasonable and that the
Company satisfies the solvency and liquidity test after extending such facility, in terms of section
4 of the Act. Shareholders are advised that the total facility value will exceed 1/10th of 1% of the
Company’s net worth as at the date of the approval of the resolution, being 26 May 2021.

Johannesburg
27 May 2021

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 27-05-2021 05:17:00
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