Voluntary Announcement In Respect Of The Implementation Of The Scheme And Delisting Of Assore ASSORE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1950/037394/06) JSE share code: ASR ISIN: ZAE000146932 (“Assore”) VOLUNTARY ANNOUNCEMENT IN RESPECT OF THE IMPLEMENTATION OF THE SCHEME AND DELISTING OF ASSORE Unless the context indicates otherwise, capitalised (defined) terms used in this announcement bear the same meanings given to such terms in the circular issued to Shareholders on Monday, 16 March 2020, in relation to the Transaction (“Offer Circular”). 1. INTRODUCTION Shareholders are referred to the Firm Intention Announcement relating to the Transaction, dated Monday, 9 March 2020, the announcement confirming the issue of the Offer Circular to Shareholders, dated Monday, 16 March 2020, the announcement setting out the results of the General Meeting, dated Thursday, 16 April 2020 and the finalisation announcement in respect of the Scheme, dated Thursday, 7 May 2020. 2. IMPLEMENTATION OF THE SCHEME AND DELISTING OF ASSORE 2.1 Assore wishes to advise that the Scheme has been implemented in accordance with its terms. Accordingly, Scheme Participants have today been paid their Scheme Consideration on the terms detailed in the Offer Circular. 2.2 Shareholders are reminded that the listing of Assore's Shares on the JSE will terminate with effect from the commencement of trade tomorrow, Tuesday, 26 May 2020. 3. RESPONSIBILITY STATEMENTS The Independent Board and the Board, individually and collectively, accept full responsibility for the accuracy of the information contained in this announcement which relates to Assore, the Scheme and the Delisting, and certify that, to the best of their knowledge and belief, such information is true and this announcement does not omit any facts that would make any of the information false or misleading or would be likely to affect the importance of any information contained in this announcement. The Independent Board and the Board have made all reasonable enquiries to ascertain that no facts have been omitted and this announcement contains all information required by law, the Companies Act and the Listings Requirements. Johannesburg Monday, 25 May 2020 FINANCIAL ADVISOR AND SPONSOR TO ASSORE The Standard Bank of South Africa Limited LEGAL AND TAX ADVISOR TO ASSORE Webber Wentzel INDEPENDENT EXPERT BDO Corporate Finance Proprietary Limited TRANSFER SECRETARIES Singular Systems Proprietary Limited 2 Date: 25-05-2020 03:40:00 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.