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Update regarding the acquisition by Sasfin Bank Limited (Sasfin”) of the entire issued share capital of Fintech Proprietary Limited (“Fintech”) (1)

2015-06-26

SASFIN HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration Number 1987/002097/06)

Ordinary share code: SFN   ISIN: ZAE000006565

Preference share code: SFNP   ISIN: ZAE000060273

(“Sasfin Holdings”)

 

UPDATE REGARDING THE ACQUISITION BY SASFIN BANK LIMITED (SASFIN”) OF THE ENTIRE ISSUED SHARE CAPITAL OF FINTECH PROPRIETARY LIMITED (“FINTECH”)

 

Shareholders of Sasfin Holdings (“Shareholders”) are referred to the announcement published on the Stock Exchange News Service of JSE Limited on 2 December 2014 in terms of which they were advised of the acquisition by Sasfin of the entire issued share capital of Fintech, subject to certain conditions precedent (“The Transaction”). Shareholders are advised that last condition precedent to The Transaction has now been fulfilled and the process of implementation and integration regarding The Transaction will now commence.

 

Johannesburg

26 June 2015

 

Lead Sponsor

KPMG Services Proprietary Limited       

 

Joint Sponsor

Sasfin Capital   (a division of Sasfin Bank Limited)