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eXtract GROUP LIMITED - Finalisation announcement and salient dates and times of the offer

Release Date: 13/02/2019 15:45
Code(s): EXG     PDF:  
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Finalisation announcement and salient dates and times of the offer

EXTRACT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
JSE share code: EXG   ISIN: ZAE000246013
("eXtract" or "the Company")


FINALISATION ANNOUNCEMENT AND SALIENT DATES AND TIMES OF THE OFFER


eXtract shareholders are referred to the announcements released on SENS (the last of which was released on
21 January 2019) regarding the offer by Inhanhla Trust Investments Proprietary Limited to acquire all eXtract shares
for an offer consideration of R6.00 per share (the "offer") and the delisting of eXtract from the Main Board of the JSE
(the "delisting").

The board of directors of eXtract is pleased to announce that the Company has secured the approval of the
Competition Authorities in respect of the offer. All outstanding conditions precedent to the offer and the delisting have
been fulfilled and the transaction is now wholly unconditional.

eXtract shareholders are encouraged to accept the offer. If you hold shares in dematerialised form and, in order to
accept the offer, you must contact your CSDP or broker and instruct him/her to accept the offer on your behalf. If you
hold certificated shares and, in order to accept the offer, you must contact the transfer secretaries. Further information
in respect of the acceptance of the offer is set out in the "Action required by eXtract shareholders" section of the
circular issued to eXtract shareholders on 20 December 2018. A copy of the circular is available on the Company's
website at http://www.extractgroup.com/circular.

The offer closes at 12:00 on Friday, 1 March 2019. The offer consideration of R6.00 per eXtract share, will
be paid within 6 business days of acceptance of the offer, with the last payment on Monday, 4 March 2019.
eXtract will delist on Tuesday, 5 March 2019.

SALIENT DATES AND TIMES

The salient dates and times in respect of the offer are as follows:

                                                                                                                   2019

Offer declared wholly unconditional                                                              Wednesday, 13 February

Last day to trade in eXtract shares in order to participate in the offer                           Tuesday, 26 February

eXtract shares commence trading "ex" the offer                                                   Wednesday, 27 February

Listing of eXtract shares suspended on the JSE with effect from the commencement of trade on     Wednesday, 27 February

Offer closes at 12:00 on                                                                                Friday, 1 March

Record date on which eXtract shareholders must hold eXtract shares in order to accept the offer         Friday, 1 March

Results of the offer announced on SENS                                                                  Monday, 4 March

Offer consideration paid to offer participants as per notes 4 and 5 below, with
the last payment on                                                                             See notes 4 and 5 below

Results of the offer published in the press                                                            Tuesday, 5 March

Termination of the listing of eXtract shares at the commencement of trade on the JSE on                Tuesday, 5 March

Notes:
1.   All dates and times in this announcement are local dates and times in South Africa.
2.   No dematerialisation and rematerialisation of eXtract shares may take place after Tuesday, 26 February 2019.
3.   eXtract shareholders should note that acceptance of the offer will be irrevocable.
4.   Certificated shareholders who accept the offer will have the offer consideration transferred to them by EFT by no later 
     than the payment date, being 6 business days after the date on which such shareholder delivers the form of acceptance and
     documents of title to the transfer secretaries, with final payment being on Monday, 4 March 2019.
5.   Dematerialised shareholders who accept the offer will have their accounts at their CSDP or broker updated by no later 
     than the payment date, being within 6 business days after the date on which the CSDP or broker of such extract shareholders
     notifies the transfer secretaries of their acceptance of the offer, with final payment being made on the first business 
     day after Monday, 4 March 2019.

13 February 2019


Corporate advisor and Sponsor
Java Capital

Date: 13/02/2019 03:45:00 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.

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