SEPHAKU HOLDINGS LIMITED - Results of the Rights Offer

Results of the Rights Offer

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“SepHold” or "the Company")

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, 
CANADA, HONG KONG, JAPAN AND ANY OTHER JURISDICTION WHERE THE EXTENSION OR MAKING OF THE RIGHTS OFFER WOULD 
BE UNLAWFUL OR IN CONTRAVENTION OF APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF 
SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

RESULTS OF THE RIGHTS OFFER

Shareholders are referred to the circular distributed to shareholders dated 27 January 2020 and the
announcement released by the Company on SENS on 23 January 2020, wherein the Company
announced its intention to raise up to ZAR37.5 million by way of a partially underwritten, renounceable
rights offer (the “Rights Offer”).

The Rights Offer closed at 12h00 on Friday, 14 February 2020, and the board of directors of SepHold
hereby announces that 43% of the Rights Offer Shares were subscribed for.

The results of the Rights Offer are set out in the table below:

                                                     Number of       Rand value          % of Rights
                                                  Rights Offer                          Offer Shares
                                                        Shares

Total shares available for subscription in          46 270 261      R37 478 911                 100%
terms of the Rights Offer (“Rights Offer
Shares”)

Rights Offer Shares subscribed for by               20 081 844      R16 266 294                  43%
Qualifying Shareholders

Excess applications for Rights Offer                 1 858 852       R1 505 670                   4%
Shares

Number of Rights Offer Shares allocated             24 329 565      R19 706 948                  53%
to the underwriter in terms of the
Underwriting Agreement

Following the issue of the Rights Offer Shares, the number of Sephaku shares in issue will be 254 486 436.

Issue of Rights Offer Shares

The Central Securities Depository Participant (“CSDP”) or broker accounts of dematerialised
shareholders who have followed their rights and/or applied for excess Rights Offer Shares in terms of
the Rights Offer will be credited with their Rights Offer Shares and debited with any payments due on
or about Monday, 17 February 2020 or Wednesday, 19 February 2020, respectively.

Any Share certificates issued relating to the Rights Offer Shares or in respect of excess Rights Offer
Shares applied for will be posted by registered post at their own risk to certificated shareholders on or
about Monday, 17 February 2020 or Wednesday, 19 February 2020, respectively.


Centurion
17 February 2020
_____________________________________________________________________________________________________
Enquiries contact: Sakhile Ndlovu      Sephaku Holdings        Investor Relations     012 612 0210

Sponsor to Sephaku Holdings: Questco Corporate Advisory (Pty) Ltd

About Sephaku Holdings Limited

Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio
of investments in the cement sector in South Africa. The company’s core investments are a 36% stake
in Dangote Cement South Africa (Pty) Ltd (Sephaku Cement) and 100% in Métier Mixed Concrete (Pty)
Ltd. The strategy of SepHold is to generate growth and realise value for shareholders through the
production of cement and ready mixed concrete in Southern Africa.
www.sephakuholdings.com

Date: 17-02-2020 10:34:00
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.