SEBATA HOLDINGS LIMITED - Classification in the General Segment of the Main Board of the JSE Limited

Classification in the General Segment of the Main Board of the JSE Limited

Sebata Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: SEB  ISIN: ZAE000260493
("Sebata" or "the Company")


CLASSIFICATION IN THE GENERAL SEGMENT OF THE MAIN BOARD OF THE JSE LIMITED


The board of directors of Sebata ("Board") is pleased to announce that the Company's application to
transfer its listing to the General Segment of the Main Board of the JSE Limited ("JSE") has been approved
by the JSE with effect from 5 December 2024. Consequently, Sebata will now be classified as being a
primary issuer listed in the General Segment of the JSE list.

In terms of paragraph 4.62 of the JSE Listings Requirements, classification in the General Segment will
allow Sebata to apply the following:

o    an automatic annual rolling general authority to issue shares for cash without shareholders' approval,
     representing up to 10% of the issuer's issued share capital;
o    shareholders' approval is not required for a general repurchase authority;
o    shareholders' approval is not required for a specific repurchase authority, subject to it not involving related
     parties and not exceeding 20%;
o    fairness opinions are not required for related party corporate actions and transactions, with more focus
     being placed on governance arrangements and transparency and the exclusion from voting for related
     parties and associates;
o    issuers are only required to prepare annual reports within four months, with no obligation to release results
     announcements within three months;
o    the preparation of pro forma financial information is not required for transaction/corporate actions, but
     rather the inclusion of a detailed narrative on the impact of the transaction/corporate action on the financial
     statements;
o    the threshold for the categorisation of a transaction as category 1 is increased to a percentage ratio of
     50%; accordingly a transaction where a percentage ratio is 5% or more but less than 50% will be
     categorised as a category 2 transaction;
o    shareholders' approval and a circular is not required for transactions by a subsidiary that is listed on the
     JSE;
o    the subject of a category 1 transaction requires two years audited historical financial information;
o    the small-related party transaction percentage ratio is 3% and less than or equal to 10%;
o    a material shareholder for related party classification purposes is 20%; and
o    a pre-listing statement is triggered for share issuances exceeding 100% over a three-month period.

The provisions above have the specified different application to the General Segment as stated and the
remainder of the provisions of the JSE Listings Requirements continue to apply.

The Company's Memorandum of Incorporation will be updated to address any limitations with regards to
the provisions of the General Segment, subject to shareholder approval. These provisions will therefore not
be available to Sebata until the limitations are addressed.


Johannesburg
2 December 2024

Sponsor
Merchantec Capital

Date: 02-12-2024 05:00:00
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