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Publication

DEALMAKERS MAGAZINE

Page

20-27

Date

Sun 01 Oct 2017

AVE (ZAR)

118686.22

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Acquisitionby CastellanaProperties(VukilePropertyFund)from aportfolioofnineretailparkslocatedthroughoutSpain Realestate- retailRElTs Foreign-Spain Foreign-SpainRedevcoIberianVentures

Disposalby FerrumCrescenttoNPSPLAfricaandBEEpartner Batavia,holdingallSAassetsincludingMoonlighttheironore Foreign-Mauritius;unlisted Basicmaterials-steel notlistedNgwenyaCapital projectinLimpopo

Disposalby= RichemonttoABatagli Shanghailang Foreign- Italy Consumergoods-personal Foreign-HongKong

Acquisitionby Stor-AgePropertyRENTfromSPH UnitSelfStoragetobedevelopedinBryanston,Johannesbur g Realestate-specialityRElTs notlisted notlisted

Acquisitionby MetairInvestments 25,1%stakeinAkkumulat orenfabrikMoll Consumergoods- autoparts Foreign- Germany Foreign-Germany

Acquisitionby Logicalis(Datatec) 51%stakeinNubeliU Technology-computerservices Foreign-SouthAmerica Foreign-SouthAmerica

Acquisitionby CognitionfromDiSidenbergandWDeary remaining37%stakeinBMiSportGroup Technology-computerservices notlisted notlisted

Acquisitionby FinbondGroup 15%stakeinBlakeEnterprises Financials-banks Foreign-US Foreign-US

Acquisitionby SuperGroup SloughMotorCompany Industrials- transpor tationservices|- Foreign-UK Foreign- UK

Acquisitionby CAVIfromImbalieBeauty 70%stakeineachofthefollowingsubsidiaries:PlacecolFresh notlisted AIX A

EnjoyBeautyandPlacecolSkinCareClinic

Disposalby TorreInternational(TorreIndustries)toPhatisa remainingstakeinKanuEquipment Foreign- Africa Industrials- industrialsuppliers Foreign-Mauritiusandmanagement

Disposalby Powertech(AlliedElectronics)toSiemensAG CrabtreeElectricalAccessories Foreign- Germany Industrials-electrical notlistedcomponents&equipment

Acquisitionby DenebInvestmentsfromHoskenConsolidated FormexIndustries Financials- specialtyfinance Financials-specialtyfinance notlistedInvestments

Disposalby WGWearnetoRightGoldMachiner y 50%stakeinWillowsFountainQuarrytoformaJV:Wearne notlisted A notlistedQuarriesNatal

Acquisitionby ReunertInternationalInvestments[Mauritius] remaining25,61%stakeinMetalFabricatorsofZambia Industrials-electrical Foreign-Zambia Foreign-Zambia(Reunert)fromminorityshareholders [only4,23%or1,145,143sharestendered] components&equipment

Acquisitionby° PutpropfromJDCPropertyInvestments further15,51%stakeinPilotPeridot1(soleassetisa50% Financials- realestateholding notlisted notlistedstakeinSummitPlace) &development

Acquisitionby LabatAfricafromPAucampandAAucamp 55%stakeinKufikaTranspor t Venturecapital notlisted notlisted

Acquisitionby GrowthpointAustralia(GrowthpointProperties) 18,16%stakeinIndustriaREIT Realestate- diversifiedRETls Foreign-Australia Foreign-Australiafrom360Capital

Acquisitionby=|- EchoPolskaProperties GaleriaSolna,Inowrociaw,NWPoland Realestate-realestateholding Foreign- Poland Foreign-Poland&development

Acquisitionby DenebInvestmentsfromMainStreetHoldings NewJustFun Financials-specialtyfinance notlisted notlisted

Acquisitionby Long4Life Sorbet Financials-specialtyfinance notlisted notlisted

Acquisitionby Ansysfromskareholders ProfitekIndustrialCommunications AX notlisted notlisted

Acquisitionby SanlamKenya(Santam) anadditional12%stakeinGatewayInsurance Financials- lifeinsurance Foreign-Kenya Foreign-Kenya

Acquisitionby RedefineInternationalfromminorities afurther32,76%stake(18,343,166shares)inInternational Realestate- diversifiedRETTs notlisted LHotelProperties

Acquisitionby RedefineInternationalfromRedefineProperties 1,913,479sharesinInternationalHotelProperties Realestate-diversifiedRETTs Realestate-diversifiedRETTs AIX

Acquisitionby HulisanifromGRIRenewablesIndustries indirect12,5%stakeinGRIWSSAbywayofa50%shareholding Financials- nonequity Foreign-Spain notlistedofPeleSPV13 investmentinstruments

Acquisitionby Tremgrowth(Irematon)fromLeopardInvestments 40%stakeininvestmentcompanyLeopardASKIntermediateInvestco Financials-equityinvestment Foreign- UK Foreign-UKand20%stakeinmanagementcompanyLeopardASKPartners instruments

Acquisitionby Hystead(co-ownedbyHypropInvestments) APRetail| (TheMallinSofia) Realestate- retailREM Foreign-Bulgaria Foreign-Bulgaira

Acquisitionby AngloAmericanPlatinumfromAtlatsaResources theKwandaNorthandCentralBlockprospectingrights Basicmaterials-platinum& Basicmaterials- platinum& notlistedpreciousmetals preciousmetals

Acquisitionby TextonPropertyFundfromTextonPropertyInvestmentsinternalisationofmanagementfunction Realestate-diversifiedREITs notlisted notlisted

Disposalby BrikortoCorobrik RaytonPropertyandcessionandtransferofthemimingright notlisted AltX notlisted

Acquisitionby BearingMan(Invicta)fromFennerSouthAfrica FennerConveyorBeitingSouthAfrica Industrials- industrialmachinery notlisted notlisted

Acquisitionby AEC stakeinstartupOriginMaterials Basicmaterials-specialty Foreign-US Foreign- USchemicals

Acquisitionby Long4Lif efromminorityshareholders Holdspor t Financials- specialtyfinance notlisted Consumerservices- apparelretailers

211 i i Ca

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w . ’ 4 m w . a

TOMBSTONEPARTIESESTIMATED| ANNOUNCEMENT

INVESTMENT ADVISER * SPONSOR ATTORNEY/LEGALADVISER REPORTING ACCOUNTANT| DEAL VALUE DATE

JavaCapital;RetailPartnersEurope JavaCapital Ashurst ' 193m Jul3

BravuraCapital AS1000 Jul3

RandMerchantBank undisclosed Jul3

Questco Questco CliffeDekkerHofmeyr R99Im Jul4 _

OneCapítal € | hJefferiesInternational RandMerchantBank;JefferiesInternational undisclosed Jul5

MerchantecCapital undisclosed Jul5

GrindrodBank GrindrodBank $9,6m Jul5

undisclosed Jul6

ExchangeSponsors FRuxmans R25m Jul7

Bowmans;CliffeDekkerHofmeyr undisclosed Jul7

InvestecBank Werksmans undisclosed Jul10

PSGCapital;BDOCorporateFinance PSGCapital R25m Jul10

ExchangeSponsors Ri -| wu

InvestecBank StockbrokersZambia Corpus undisclosed Jul10

MerchantecCapital R24m Jul11

ArborCapitalSponsors undisclosed Jul12

AS68,im Jul12

JavaCapital €22,4m Jul13

PSGCapital PSGCapital R40,im Jul13

StandardBank StandardBank ENSafrica;Werksmans Jul14

VunaniCorporateFinance ExchangeSponsors R40m Jul14

undisclosed Jul18

JavaCapital;Mazars JavaCapital ConyersDill&Pearman KPMGIreland tobeadvised Jul19

JavaCapital JavaCapital tobeadvised Jul19

PSGCapital WebberWentzel R41,25m Jul20

SasfinCapital BernadtVukicPotash&Getz £4,28m Jul20

€i8m Jul21

OneCapital OneCapital WebberWentzel R300m Jul21

InvestecBank;Questco InvestecBank NortonRoseFulbright(SouthAfrica) KPMG R180m Jul21

ExchangeSponsors R22m Jul24

Deloitte HoganLovells(SouthAfrica) undisclosed Jul25

Som Jul25

InvestecBank;PSGCapital StandardBank;UBS ENSafrica;CliffeDekkerHofmeyr;BakerMcKenzie KPMG R2,68bn Jul25

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Acquisitionby LibertyTwoDegreesfromLibertyGroup further9%to31%stakeintheLibertyPropertyPortfolio Realestate- diversifiedRETls Financials- lifeinsurance notlisted

Acquisitionby° SpearHoldco(SpearREIT)fromAccelerate TygerManorRetailCentre Realestate-diversifiedRETls Realestate- retailRElTs notlistedPropertyFund

Acquisitionby EquitesInternational(EquitesPropertyFund)from crassdockingdistributioncentreinCovertry,UK Realestate- industrial& Foreign- UK Foreign- UKTravisPerkinsProperties officeRElls

Acquisitionby°|- InvestecPropertyFundfromInvestec theSumitomobuilding,JetParkBoksburg Realestate-diversifiedRETls Financials- investmentservices|- notlisted

Acquisitionby@|- GlencorefromYancoalAustraliaandindirectly 49%stakeintheHunterValleyoperations Basicmaterials- generalmining Foreign-Australia Foreign-AustraliaMitsubishiCorporation

Acquisitionby NorthamPlatinumfromA-1SpecialisedServices recyclingequipmentandimmoveablepropertyinPennsylvania,US Basicmaterials- platinum& Foreign-US Foreign-USpreciousmetals

Disposalby Powertech(AlliedElectronics)toEOHIndustrial PowertechSystemsIntegrators Technology-computerservices Industrials- electrical notlistedTechnologies components&equipment

Acquisitionby=|- SiriusRealEstate portfolioconsistingoffourassetslocatedinHamburg,Germany Realestate- realestateholding Foreign-Germany Foreign-Germany&development

Acquisitionby DistellInternational(Distell)fromHawksfor d 26%stakeinBestofGlobalBrands Consumergoods-distillers& Foreign-UK Foreign-AfricaTrusteesJersey(TheFurlongandOctaneTrusts) vintners

Acquisitionby BidvestfromAlchemyPartners Noonan Industrials-diversified Foreign-UK Foreign- Ireland

Disposalby PanAfricanResourcespictoSylvaniaPlatinum PhoenixPlatinumMining Foreign- UK Basicmaterials- goldmining notlisted

Acquisitionby HudacoIndustriesfromEBTSAandMMDSteelProducts| Eternity Industrials- industrialsuppliers notlisted notlisted

Disposalby KaapAgriBedryf(KaapAgri)toPupkewitzHoldings 50%stakeinKaapAgriNamibia Foreign-Namibia Consumerservices- Foreign- Namibiaspecialityretailers

Disposalby GoldFieldstoRed5 Dariotmine Foreign-Australia Basicmaterials-goldmining Foreign-Australia

Acquisitionby RMBVentures(RMBHoldings)andInvestecAsset 72%stakeinKamosoDistribution Financials- banks;Financials- Foreign-UK Foreign-BotswanaManagement(Investec)fromStandardChartered investmentservicesPrivateEquityandDevelopmentCapitalPartners

Acquisitionby Net1UEPSTechnologiesfromCellC 15%stakeinCellC Industrials-financial notlisted notlistedadministration

Disposalby EthosCapitaltoJesifiex(RMBHoldings) KevroHoldings Financials-banks Financials-specialtyfinance notlisted

Disposalby IngenuityPropertyInvestmentstoRabieProperty 50%stakeinChristiaanBarnardMemorialHospital notlisted Realestate- realestate notlistedholding&development

Acquisitionby CapitalworksPrivateEquityfromSovereignFood SovereignFoodInvestments notlisted notlisted Consumergoods-farmingfishingInvestmentsminorities &plantation

Disposalby PurpleGrouptoSaniamInvestment(Saniam) 30%stake(450000shares)inFirstWorldTradert/aEasyEquities Financials- lifeinsurance Financials- investmentservices notlisted

Acquisitionby Motus(Imperial) indirect100%interestinPentagonMotorHoldings Industrials- transpor tation Foreign-UK Foreign- UK

services

Disposalby AfricanRainbowMineralstoERMCapitalBidco 40%stakeinLubambeCopperMine Foreign-Australia Basicmaterials-generalmining| Foreign-Zambia

Acquisitionby PemburyLifestyle propertyinModimolie,Limpopo LH notlisted notlisted

Acquisitionby RMIH lessthan5%stakeinProdigyFinance Financials- equityinvestment notlisted notlisted

instruments

Disposalby® TrustcotoEEP101 ElisenheimEstateProperty100andElishenheimEstateProperty102 Foreign- Namibia Financials-specialtyfinance Foreign-Namibia

Acquisitionby=|- UniversalPartners aminoritystakeinYASA ANK Foreign-UK Foreign-UK

JointVenture BalwinPropertiesandTranscendResidential todeliver8900affordablerentalapartments Realestate- realestateholdingPropertyFund &development:AltX

Acquisitionby Murray&Roberts effective17%interestinBombelaConcession notlisted Industrials-heavyconstructionnotlisted

Acquisitionby AfrimatfromDiroResources(inBusinessRescue) remaining40%stakeofDiroManganeseandDiroIronOre Industrials- buildingmaterials notlisted notlisted&fixtures

Disposalby OnelogixtoBEEConsortium 49%stakeinDriveRisk notlisted Industrials- transportation notlisted

servicesAcquisitionby Longdlife InhleBeverages Financials- specialtyfinance notlisted notlisted

Acquisitionby BidCorporation 70%stakeinPier7Foods Consumerservices- food Foreign-Germany Foreign-Germanyretailers&wholesalers

InvestmentAdvisersincludeFinancialAdvisersandothersclaimingthiscategory=- Foreigntransaction- notincludedforrankingspurposes(exceptsponsors)©_ Propertydeal- excludedforrankingpurposes

[>=] aszow22

THIRD QUARTER'S DEALSTOMBSTONEPARTIES

ESTIMATED| ANNOUNCEMENT

INVESTMENTADVISER* SPONSOR ATTORNEY/LEGALADVISER REPORTINGACCOUNTANT| DEALVALUE DATE

JavaCapital WebberWentzel R2,51bn Jul26

PSGCapital PSGCapital CliffeDekkerHofmeyr R59óm Jul26

JavaCapítal JavaCapítal f4im Jul26

InvestecBank InvestecBank Ruxmans R131,89m Jul27BarclaysAfrica $1,14bn Jul27

OneCapital OneCapital $10,im Jul28

InvestecBank undisclosed Jul28

PSGCapital;PeelHunt;Berenberg m - | m» -_

PwCCorporateFinance RandMerchantBank CliffeDekkerHotmeyr $54,6m Jul28

InvestecBank:RobertWBaird InvestecBank BakerMcKenzie:MacfarianesLLP Rim __ Jul31NumisSecurities;StJames'Corporate OneCapital;NumisSecurities;BMOCapital BakerMcKenzie R8Im Jul31Services;LiberumCapital Markets;PeelHunt;LiberumCapital

NedbankC18 R248m Aug1PSGCapital PSGCapital undisclosed Aug3

AS$18,5m Aug4

Bowmans;ENSafrica;WebberWentzel notpubliclydisclosed Aug6

RandMerchantBank RandMerchantBank CliffeDekkerHofmeyr R2bn | ng

BarclaysAfrica;RandMerchantBank WebberWentzel notpubliclydisclosed Aug7

WebberWentzel undisclosed Aug8

OneCapital;BDOCorporateFinance OneCapital;Deloitte CliffeDekkerHofmeyr;WebberWentzel; Deloitte R907m Aug10Allen&OveryLLP

Deloitte CliffeDekkerHotmeyr R100m Aug14MerrillLynch(SA) RMQm Aug15

StandardBank StandardBank;DeutscheSecurities(SA) Bowmans $48,55m Aug15

ArborCapitalSponsors undisclosed Aug17

undisclosed Aug21

SasfinCapital;UGSecurities N$836in Aug21

JavaCapital;PerigeumCapital 193n Aug21

InvestecBank;JavaCapital InvestecBank;JavaCapital ENSafrica R6,4bn Aug21

DeutscheSecurities(SA) WebberWentzel R405m Aug22

BridgeCapital undisclosed Aug22

JavaCapital CliffeDekkerHotmeyr R65,4m Aug23

StandardBank StandardBank R268,86m Aug23

StandardBank

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Disposalby AfricanDawnCapitaltoEvitavonniInternational 100%stakeinKnifeCapital notlisted AX notlisted

Disposalby MirandaMineralstoSiafaResources MirandaCoal notlisted Basicmaterials- generalmining notlisted

Acquisitionby Yuediligence(AfricanDawnCapital)fromPhezuluGroup SMESnapshot Al notlisted notlisted

Disposalby Bidvest 19,53%stakeinCullinan notlisted Industrials-diversified Consumerservices- travel&tourism

Disposalby° FreedomPropertyFundtoProvestGroup ERF1196atSteelpor tIndustrialPark notlisted Realestate- realestate notlistedholding&development

Acquisitionby MainstreetfromABSATradingandInvestment 16,63%stakeinThebe notlisted Financials-banks notlistedSolutions(BarclaysAfrica)

Disposalby Santam 40%shareholdinginPaladinUnderwriting notlisted Financials- property& notlistedcasualtyinsurance

Disposalby® RedefineInternational SytnerBMWshowroom,HighWycombe,UK Foreign- UK Realestate-diversifiedRETTs Foreign-UK

Acquisitionby MMINamibia(MM) 70%stakeinQuantaInsurance Financials- lifeinsurance Foreign-Namibia Foreign-Namibia

Disposalby RebosisPropertyFundtoBEEconsortium 31,6%stakeinNewFrontierProperties(48284681shares) notlisted Realestate-diversifiedRETls AK

Acquisitionby=| SiriusRealEstate TwoofficebuildingsinNeuss,Dusseldorf AK Foreign-Germany Foreign-Germany

Acquisitionby=|- SiriusRealEstate singleofficebuildinginNeu-Isenbur g,Frankfur t A Foreign-Germany Foreign-Germany

Disposalby® SiriusRealEstate propertyinKiel Foreign-Germany ANX Foreign-Germany

Acquisitionby Stor-AgePropertyREITfromCSCapitalPartnersII 97,3%stakeinBetterstoreSelfStorage(StorageKing) Realestate-specialityRElTs Foreign-UK Foreign- UKandmanagementoftheStorageKingGroup

JointVenture JubileeTailingsTreatmentCompany(JubileePlatinum) treatmentoftailingsandchromeore AItX;notlistedandDilokongChromeMines(inBusinessRescue)

Acquisitionby WilsonBaylyHolmes-Ovcon 90%votingequityinGrindrodRail(rebrandediKusasaRail) Industrials-heavyconstructionnotlisted notlisted

Acquisitionby WilsonBaylyHolmes-Ov con remaining17,5%stakeinRenniksConstruction Industrials- heavyconstruction notlisted notlisted

Acquisitionby WBHAustralia(WilsonBaylyHolmes-Ovcon) further0,8%stake Industrials-heavyconstruction Foreign-Australia Foreign-Australiafromminorities

Disposalby AdcorpWorkforceManagementSolutions(Adcorp) 34,6%shareholdinginNihilentTechnologies notlisted Industrials-businesstraining Foreign- IndiatoDimensionDataProtocolBV(DimensionData) &employmentagencies

Acquisitionby RoyalBafokengPlatinumfromPlatinumGroupMetals concentratorplantandsurfaceassetsofMasevemine Basicmaterials- platinum& notlisted notlistedpreciousmetals

Acquisitionby DCTHoldings(Alviva)frommajorshareholders 51%stakeinSintrexwithanoptiontoacquireafurther24% Technology- computerhardware notlisted notlisted

Acquisitionby Solareff(Alviva)frommajorshareholders 15%ofGridcars Technology-computerhardware notlisted notlisted

Disposalby Metrofile RainbowPaperManagement notlisted Industrials-businesssuppor t notlisted

services

Disposalby® GlencoretoCEFCChinaEnergyCompany 14,14%stakeinRosneft Foreign-China Basicmaterials-generalmining Foreign-Russia

Acquisitionby AdcockIngram GenopHoldings Healthcar e- pharmaceuticals notlisted notlisted

Acquisitionby PemburyLifestyle propertyinGermistononwhichtobuildPLGSummercrestAcademy AK notlisted notlisted

Disposalby BrikortoVibroBricksandPaving TheDonkerhoekBusinessandtransferofminingright notlisted AX notlisted

Acquisitionby Austen(AtlanticLeafProperties)fromLVSIILux 45.02%oftheunitsinLMPRetailWarehouseJVPropertyUnitTrust ARK Foreign-UK Foreign-UK(portfolioof11retailwarehouseandindustrialproperties)plusa50%stakeinLMPRetailWarehouseJVMangement

Acquisitionby AfricanEquityEmpowermentInvestments majoritystakeinOrleansCosmetics Financials-specialtyfinance notlisted notlisted

Disposalby DistributionandWarehousingNetworktoLIXIL remaining49%stakeinGroheDawnWatertech notlisted Industrials-building notlistedmaterials&fixtures

Acquisitionby LaConcorde(NiveusInvestments)fromHoskens 57,83%stakeinGoldenArrowBusService(effectiveNiveus Financials-equityinvestment notlisted notlistedConsolidatedInvestments shareholding) instruments

Acquisitionby AspenPharmacarefromAstraZeneca furthercommercialisationrightsonAstraZeneca'sanaesthetics Healthcare-pharmaceuticalsForeign-UK Foreign-UK;Foreign-SwedenportfoliotoincludeDprivan,Xylocaine,MarcainandNaropin

Disposalby EvrazHighveldSteelandVanadium(inBusiness MapochsMine Foreign-China Basicmaterials-steel notlistedRescue)toInternationalResourcesofChina

Acquisitionby ArenaPropertyKFI(NEP!Rockcastle)fromSymmetry ArenaPlazashoppingcentre,Budapest Realestate- realestateholding Foreign-Hungary Foreign-Hungary

eStmE!

AreanIngatlankereloKorlatoltFelelosseguTarsasag &development

THIRD QUARTERS DEALSTOMBSTONEPARTIES

ESTIMATED| ANNOUNCEMEN TINVESTMEN TADVISER* SPONSOR ATTORNEY/LEGALADVISER REPORTINGACCOUNTANT| DEALVALUE DATE

PSGCapital Aug25Excha RngeSponsors 8m Cal Aug28

PSGCapital PSGCapital R350000 Aug28

BakerMcKenzie notpubliclydisclosed|- Aug28BravuraCapital BravuraCapital Rom Aug29

WebberWentzel notpubliclydisclosed Aug29

InvestecBank Rim- wer

JavaCapital 126 Aug31

undisclosed Aug31RandMerchantBank CliffeDekkerHofmeyr RS1/m Aug31

PSGCapítal €16,im Sep4

PSGCapital €9,.im Sep4

PSGCapital €7,0m Sep4InvestecBank InvestecBank;Questco CliffeDekkerHofmeyr;CMSCameronMcKenna KPMG £53,29m Sep5

NabarroOlswangLLPSparkAdvisoryPartners SasfinCapital;BeaufortSecurities undisclosed Sep5

InvestecBank R62,3m Sep5

InvestecBank Rim Sep5

InvestecBank AS3,6m Sep5

InvestecBank Deloitte Werksmans;EvershedsSutherland $25,5m Sep6

Questco;MacquarieCapital Questco;MerillLynch Bowmans;CiiffeDekkerHofmeyr $74m Sep6

Deloitte undisclosed Sep7

Deloitte undisclosed Sep7

StandardBank R20m Sep8

BarclaysAfrica $913m Sep8RandMerchantBank EXSafrica notpubliclydisclosed Sep12

ArborCapitalSponsors undisclosed Sep12

ExchangeSponsors R50,25n Sep9

JavaCapital;PerigeumCapital £24,24m Sep12

undisclosed Sep12

InvestecBank InvestecBank:;Deloitte ENSafrica;Werksmans;Bowmans R324,5m Sep14

PSGCapital;InvestecBank PSGCapital;InvestecBank ENSafrica R1,04bn Sep14

$166m Sep14

undisclosed Sep15

JavaCapital 75m Sep18

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Acquisitionby InvestecAustraliaPropertyFundfromSGRCHolding warehouseanddistributionfacilityat6-8and11SiddonsWay,Hallam Realestate- industrial& Foreign- Australia Foreign-AustraliaMelbourne officeRE

Disposalby ExxarotoNewBEE 30%stakeinbars notlisted Basicmaterials-coal Basicmaterials-coal

Acquisitionby PaarlMedia(Novus) [TBManufacturing Industrials- businesssupport notlisted notlistedservices

Disposalby PBTtoaconsortium PrescientCapitalandsharesinPrescientHoldings notlisted Financials-assetmanagers notlisted

Acquisitionby° SpearREITfromvariouspartners 100FairwayClose,Parow AK notlisted notlisted

Acquisitionby PSGAlphaInvestments(PSGGroup)fromAmdec EvergreenRetirement Financials- investmentservices notlisted notlistedInvestments

Acquisitionby GaiaFinancialServices(GaiaInfrastructureCapital) aneffectiveeconomicinterestof13,001%intheNoblesfontein Financials-nonequity notlisted notlistedWindFarm investmentinstruments

Acquisitionby AlphaCode(RandMerchantInvestment) Luno Financials-equityinvestment notlisted notlistedinstruments

Acquisitionby SanlamfromMasawara LionAssurance Financials- lifeinsurance notlisted Foreign-Uganda

Acquisitionby RMIInvestmentManagers(RandMerchant a30%interestinEthos Financials-equityinvestment notlisted notlistedInvestment)fromEthos instruments

Acquisitionby VukilePropertyFundfromAtlanticLeafProperties AtlanticLeafPropertiesshares(65,1%)notalreadyheldinAtlanticLeaf Realestate- retailRElTs notlisted Lminorities

Disposalby SasoltoBEEparticipants 25%stakeinSasolSouthAfrica notlisted Oil&gas- integratedoil&gas notlisted

Acquisitionby AdaptITfromBJBalsdon,MBMcEner y,RJPienaar, 49%stakeinUyandiswa Technology-computerservices notlisted notlistedPStephenson,ShalamukaCapital3andCorvest6

Acquisitionby Naspers AutoTrader Consumerservices-broadcasting|- notlisted notlisted&enter tainment

Acquisitionby NEPIProjecttwoEOD(NEP!Rockcastle)from ParadiseCenter,Sofia,Bulgaria Realestate- realestateholding Foreign- Bulgaria Foreign- BulgairaBuifeldEO0D &development

Disposalby Rober tsons(Remgro)toUnileverpic 25,75%stakeinUnileverSouthAfricainexchangeforfullownership Foreign-UK Industrials-diversified notlistedoftheUnileverspreadsbusinessinSouthernAfrica

Disposalby AngloGoldAshantitoAsankoGold theMiradaniprospect Foreign-Canada Basicmaterials-goldmining Foreign-Ghana

Acquisitionby PSGKonsultfromAbsaInsuranceandFinancial thecommericalandindustrialinsurancebrokeragebusiness Financials- investmentservices Financials-banks notlistedAdvisers(BarclaysAfrica)

Acquisitionby SantovaInternational(Santova)fromPatent remaining25%stakeinSantovaLogistics(Australia) Industrials- marinetransportation| Foreign- China Foreign-AustraliaInternational

Disposalby Powertech(AlliedElectronics)toMusaCapital SwanibCables Foreign-Namibia Industrials-electrical Foreign-NamibiaNamibia(onbehalfoftheNamibianGovernment components&equipmentInstitiutionsPensionFund)

Acquisitionby EOH AFON Technology-computerservices Foreign-Singapor e Foreign-Singapor e

Acquisitionby NaspersfromRocketInternet anadditional22359857shares(13%stake)inDeliveryHero Consumerservices- broadcasting Foreign- Germany Foreign- Germany&entertainment

Acquisitionby NetcarefromApaxPartners remaining48%stakeinBMIHealthcar e Healthcar e-equipment&services Foreign-UK Foreign- UK

Acquisitionby CaxtonandCTPPublishersandPrintersfrom effective50%stakeinPrivateProperty Consumerservices-publishing Foreign- US notlistedOneAfricaMedia

Acquisitionby° OasisCrescentPropertyFundfromOasisCrescent EdenCourtOasisPropertyJointVenture(holdinga99yearusufruct AK notlisted notlistedPropertyCompany overlandat32MontrealDrive,CapeTown)

Acquisitionby BytesTechnology(AlliedElectronics)frommajor BlenheimtheholdingcompanyofPhoenixSoftware Industrials-electrical Foreign-UK Foreign- UKshareholders components&equipment

Disposalby AlvivatotheLedibogoTrust further9,15%stake(106shares)inDCTHoldings notlisted Technology- computerhardware| notlisted

Acquisitionby EthosCapitalfromBraitSE stakeinPrimedia Financials-specialtyfinance Financials- investmentservices notlisted

Acquisitionby TheIndependentInstituteofEducation(ADVIECH) 80%stakeinThePrivateHotelSchool Consumerservices-specialised notlisted notlistedfromSMFourieFamilietrust

Disposalby ArcelorMittalSAtoKgalagadiAlloys its50%stakeinKalagadiManganese notlisted Basicmaterials-steel notlisted

a1l i Le

& . ’ 14 P te

TOMBSTONEPARTIESESTIMATED| ANNOUNCEMEN T

INVESTMEN TADVISER* SPONSOR ATTORNEY/LEGALADVISER REPORTINGACCOUNTANT| DEALVALUE DATE

InvestecBank InvestecBank AS22m Sep18

RandMerchantBank;Tamela;KPMG RandMerchantBank;BarclaysAfrica NortonRoseFulbright(SouthAfrica); PwC R12,5bn Sep18CliffeDekkerHofmeyr;FaskenMartineau;WebberWentzel

InvestecBank Bowmans R300m Sep19

BridgeCapítal R42On+R22,89m Sep19

PSGCapital PSGCapital CliffeDekkerHofmeyr R142,in Sep19

PSGCapital PSGCapítal R675n Sep19

RandMerchantBank RandMerchantBank CiiffeDekkerHofmeyr;ENSafrica R130m Sep19

undisciosed Sep19

$5,Im Sep19

WebberWentzel undisclosed Sep19

JavaCapital JavaCapital CiALaw R1,63bn Sep20

Rothschild(SA);Deloitte DeutscheSecurities ENSafrica;Poswa;CliffeDekkerHofmeyr; PuC R21bn Sep20WebberWentzel;Shearman&Sterling

undisclosed Sep21

CliffeDekkerHofmeyr:BakerMcKenzie undisclosed- Sep21

JavaCapital €252,9m Sep21

HSBC(SA);RandMerchantBank RandMerchantBank CliffeDekkerHofmeyr;ENSafrica R11,%bn Sep22

undisclosed Sep24

PSGCapital PSGCapital;PSGWealthManagement(Namibia) undisclosed Sep26

RiverGroup RiverGroup AS1,im Sep27

undisclosed Sep27

Equiteq undisclosed Sep27

InvestecBank €660m Sep28

$125m Sep28

R1229m Sep28

PSGCapítal RSTm Sep29

InvestecBank 135In Sep30

R90,32m Sep30

WebberWentzel undisclosed notannounced

CliffeDekkerHofmeyr undisclosed notannounced

ENSatrica;CliffeDekkerHofmeyr undisclosed notannounced