PEMBURY LIFESTYLE GROUP LIMITED - Update on Legal Matter

Update on Legal Matter

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949      JSE Code: PEM


UPDATE ON LEGAL MATTER


Shareholders are referred to the announcement released on 6 November 2018 wherein it was
announced that the Company had been incorrectly cited as owing an amount of R483 765.00 to
Artificial Grass SA Proprietary Limited (“AG SA”) for work which was carried out at two of its schools.
The work was contracted by Kygoway Proprietary Limited (“Kygoway”), which company does the
construction work for the schools and retirement villages. There was a dispute between AG SA and
Kygoway around the quality of the workmanship and AG SA applied for the liquidation of the PL Group
as a means of enforcing payment due by Kygoway.

Shareholders are advised that the matter has been settled amicably and the liquidation process has
been withdrawn.


By order of the board
Johannesburg
16 January 2020

Designated Advisor
Arbor Capital Sponsors

Date: 16-01-2020 10:25:00
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