Sharenet Sites 
Sharenet Sites
Proposed Listing on The Nasdaq and Inward Listing on the JSE
MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("MNK" or "the Company")
PROPOSED LISTING ON THE NASDAQ AND INWARD LISTING ON THE JSE
Shareholders are advised that the Company has received approval from the South African Reserve
Bank to pursue a listing on the Nasdaq Stock Market (“NASDAQ”) with a secondary inward listing
on the JSE Limited (“JSE”) (the “Proposed Listing”).
It is envisaged that the Proposed Listing will be achieved through a corporate restructure which will,
inter alia, result in the formation of a new company, Montauk Energy, Inc. (“Montauk Energy”),
which will ultimately hold the business and assets of the Company. Furthermore, it is envisaged that
shareholders of the Company on a date to be determined will receive shares in Montauk Energy by
way of a distribution in specie.
Although the Company is incorporated in South Africa and its shares trade on the JSE, the
Company’s operations, assets, employees and customer relationships reside exclusively in the
United States of America (“U.S.”) and are held by its U.S. subsidiaries. The Company believes the
Proposed Listing will better strategically align the Company with the jurisdiction in which it operates,
the U.S. programs and policies in which the Company participates that incentivise the use of
renewable fuels, and to provide greater access to potential investors. The current executive
management team of the Company is expected to continue to serve in the same capacities with
Montauk Energy, Inc.
The Company’s target date for the Proposed Listing is April 2019 and is subject to shareholder and
regulatory approvals in South Africa and the U.S. The full details on the Proposed Listing will be
provided to shareholders in due course. Following the implementation of the Proposed Listing, it is
intended that the Company will be de-listed from the JSE.
This communication does not constitute an offer to subscribe, sell or the solicitation of an
offer to buy securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction
in which such offer, solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of that jurisdiction.
Cape Town
31 October 2018
Financial advisor and Sponsor
Investec Bank Limited
Legal advisor
ENSafrica
Date: 31/10/2018 04:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
