TRANS HEX GROUP LIMITED - WCR transaction becomes wholly unconditional

WCR transaction becomes wholly unconditional

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1963/007579/06
ISIN: ZAE000018552
Share code: TSX
(“Trans Hex” or the “Company”)

WCR TRANSACTION BECOMES WHOLLY UNCONDITIONAL

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the circular to Trans Hex shareholders (“Shareholders”) dated
Thursday, 2 November 2017 (“Circular”).

Shareholders are referred to the Circular in terms of which Shareholders were advised of:

-     the proposed acquisition by Trans Hex, through THD, of a further 27.2% shareholding in WCR from
      RAC, for a total purchase consideration of approximately R39.1 million, to be settled through the
      issue of approximately 9.4 million new Trans Hex Shares to RAC (“Consideration Shares”),
      (the “Transaction”); and

-     the potential future specific issue of, in aggregate, a maximum of 18.7 million new Trans Hex
      Shares, for cash, to Cream Magenta and Metcap, at an issue price of R4.14 per Trans Hex Share
      (the “Specific Issue”).

The Company is pleased to advise that all Conditions Precedent to the Transaction have been fulfilled
and the Transaction has become wholly unconditional. The Transaction will be implemented with effect
from today, 1 February 2018. An application has been made to the JSE for the listing of the Consideration
Shares.

The Specific Issue remains subject to the Conditions Precedent to the Specific Issue, as detailed in
paragraph 4.2 of the Circular.


Cape Town
1 February 2018

Sponsor
One Capital

Corporate advisor
Questco Proprietary Limited

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