ZEDER INVESTMENTS LIMITED - Implementation of category 2 disposal of Theewaterskloof farm

Implementation of category 2 disposal of Theewaterskloof farm

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
("Zeder" or "the Company")


IMPLEMENTATION OF CATEGORY 2 DISPOSAL OF THEEWATERSKLOOF FARM



The Company, through its wholly-owned subsidiary Zeder Financial Services Limited
("ZFS"), holds 87.1% of the issued shares of Zeder Pome Investments Proprietary Limited
("Pome Investments"), which in turn holds 100% of the issued shares of Capespan Agri
Proprietary Limited ("CS Agri").

Shareholders of the Company ("Shareholders") are referred to Zeder's announcement
released on the Stock Exchange News Service of the JSE Limited on 19 June 2024
("Announcement"), in terms of which Shareholders were advised that ZFS, through its
direct and indirect subsidiaries Pome Investments and CS Agri, entered into an
agreement with the trustees for the time being of the Japie Groenewald Trust to dispose
of the primary farming production unit, namely, Theewaterskloof ("Disposal"), for the
disposal consideration of R283 000 000 (two hundred and eighty three million Rand)
inclusive of VAT at 0% (zero percent) plus the value of the agricultural inputs on hand of
R1 182 488 (one million one hundred and eighty two thousand four hundred and eighty
eight Rand) and the 2025 season costs incurred to the amount of R22 772 244 (twenty
two million seven hundred and seventy two thousand two hundred and forty four Rand)
(together the "Purchase Consideration").

The Company is pleased to advise Shareholders that all conditions precedent have been
fulfilled and that the Purchase Consideration has been received by CS Agri.


Stellenbosch

23 October 2024

 Transaction Advisor to Zeder
        and Sponsor

          PSG Capital

Date: 23-10-2024 03:54:00
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