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Notice to shareholders

2014-06-20

THIS NOTICE IS PUBLISHED FOR THE INFORMATION OF SHAREHOLDERS OF SASFIN HOLDINGS LIMITED IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, ACT 71 OF 2008.

In terms of Section 45(5) of the Companies Act, the Company is required to provide written notice to shareholders of resolutions adopted by the board of directors authorising the Company to provide intra‑group financial assistance.

Shareholders of Sasfin Holdings Limited are referred to the General Authority provided at the Annual General Meetings of the Company held on 26 November 2012 and 28 November 2013 respectively, authorising directors in terms of Section 45(2) of the Companies Act to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company at any time and from time to time during the period of 24 months from each of the dates of the respective Annual General Meetings.

The directors have reviewed and ratified the provision of financial assistance thereby authorising the Company to provide at any time and from time to time during the period of 24 months from the date of the respective Annual General Meetings, direct or indirect financial assistance as contemplated in the Companies Act to any one or more related or inter‑related companies or corporations of the company and/or to any one or more persons related to any such company or corporation, having regard to the funding and commercial requirements of the Sasfin Group of companies, after considering the particular solvency and liquidity requirements of each act of financial assistance.

Shareholders are advised that the financial assistance provided exceeded 1/10th of 1% of the Company’s net worth in respect of each of the above incidences of the provision of financial assistance.

On behalf of The Board of Directors