REMGRO LIMITED - Update on the acquisition of an interest in Maziv by Vodacom

Update on the acquisition of an interest in Maziv by Vodacom

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN ZAE000026480
JSE and A2X share code REM
("Remgro")

UPDATE ON THE ACQUISITION OF AN INTEREST IN MAZIV BY VODACOM

Shareholders are referred to the announcement on SENS on 10
November 2021 and further updates on 15 May 2023, 10 August
2023, 28 November 2023 and 29 October 2024. These announcements
set out details of Vodacom (Pty) Limited's ("Vodacom") proposed
acquisition of a 30% interest in a newly formed entity Maziv
(Pty) Limited ("Maziv") that would house all the material assets
owned by Community Investment Ventures Holdings (Pty) Limited,
including Vumatel (Pty) Limited and Dark Fibre Africa (Pty)
Limited (the "transaction").

As indicated in the announcement dated 29 October 2024, the
Competition Tribunal prohibited the transaction. We are still
awaiting the Competition Tribunal's detailed reasons for
prohibiting the Transaction.

Shareholders are advised that the transaction parties have
decided to lodge a notice of appeal with the Competition Appeal
Court that will be supplemented upon receipt of the Competition
Tribunal's reasons for the prohibition.

Shareholders are also referred to the Vodacom announcement
published on SENS today.

Stellenbosch
26 November 2024

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






Date: 26-11-2024 04:00:00
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