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AH-VEST LIMITED - Notification in terms of Section 45(5) of the Companies Act, 2008

Release Date: 12/04/2024 16:30
Code(s): AHL     PDF:  
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Notification in terms of Section 45(5) of the Companies Act, 2008

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


Shareholders of AH-Vest are referred to the special resolution tabled and approved at the
Annual General Meeting held on 24 January 2024, 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 confirm the
amount of the variable loan facility provided to AH-Vest's holding company, Eastern Trading
Proprietary Limited up to a maximum of R25 million (twenty-five million) which was advanced
primarily, for the purpose 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 duties and foreign exchange risk. This authority has been approved
previously in accordance with the Act and is again confirmed.

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 value of the increased facility will exceed
1/10th of 1% of the Company's net worth as of the date of the approval of the resolution, being
12 April 2024.

12 April 2024

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 12-04-2024 04:30:00
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