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Publication

DEALMAKERS MAGAZINE

Page

66-73

Date

Fri 01 Dec 2017

AVE (ZAR)

127682.26

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Acquisitionby° GrowthpointPropertiesfromTerraFirma 28SacksCircle,Bellville,WesternCape Realestate- diversifiedRETTs notlisted notlisted

Acquisitionby AdcockIngramHealthcare(AdcockIngram) VirtualLogistics Healthcare-pharmaceuticals notlisted notlisted

Acquisitionby HulisanifromPSemnarayanandGWarner MomentousTechnologies(indirectshareholdingof15%inRustmo1 Financials- nonequity notlisted notlistedSolarFarm) investmentinstruments

Disposalby BSISteeltoGMackenzieandtheJamandTrust 45%stakeinQinisa notlisted AK notlisted

Acquisitionby DistellInternational(Distell)fromCentum afurther26,43%stakeinKWAHoldingsEA Consumergoods-distillers& Foreign-Kenya Foreign-KenyaInvestmentCompany vintners

Disposalby WGWearnetoElcuPumps theBrandvieiSandQuarryandancillarybusiness notlisted ANK notlisted

Disposalby BellEquipmenttoSIB!CapitalandtheBell 22,5%and7,7%stakeinBellEquipmentSalesSouthAfrica Industrials- industrialmachinery notlisted notlistedEquipmentFoundation

Acquisitionby BidCorporationfromMiuraPrivateEquity 90%stakeinGuzmanGastronomiaandCuttings Consumerservices- foodretailers| Foreign-Spain Foreign-Spain&wholesalers

Disposalby PanAfricanResourcespictoCoalofAfrica PARCoal(Vitkomstcolliery,KZN) Basicmaterials-coal Basicmaterials-goldmining notlisted

Acquisitionby RMBCorvest(RMBHoldings)fromfounding stakeinFeedemPitseng Financials-banks notlisted notlistedshareholders

Disposalby® Capital&CountiesPropertiestoaconsortiumof Venues Foreign-Germany Financials- realestate Foreign- UKGermaninstitutionalinvestors holding&development

Acquisitionby=| RedefineInternational remaining50%stakeintheLeopardretailportfoliojointventure, Realestate-diversifiedRETTs Foreign-Germany Foreign-GermanyGermany

Disposalby AngloAmericanpictoSeritiResources theEskom-tieddomesticthermalcoaloperations(NewVaal,New notlisted Basicmaterials-generalmining| notlistedDenmarkandKrielcollieries,aswellasfourclosedcollieries)

Acquisitionby PemburyLifestyle propertyonwhichtobuildPLGCartswaldAcademy AK notlisted notlisted

Acquisitionby HPFProperties(HospitalityPropertyFund)from further23,41%stakeintheSandtonEyesectionaltitleschemeand Realestate- specialityRETTs notlisted notlistedSavanaPropertyandSandtonIsleInvestment anexistingrealrightofextensioninthescheme

Acquisitionby Naspers further+-11,5%stakeinTakealotOnline Consumerservices-broadcasting|- notlisted notlisted&entertainment

Acquisitionby=|- PKMInvestments(MasRealEstate)fromGlobe GalleriaBurgasMallandGalleriaStaraZagoraMall Realestate- realestateholding Realestate- realestate Foreign-BulgairaTradeCentreandEuropeanBankforReconstruction &development holding&developmentandDevelopment

Acquisitionby WearCheck(TorreIndustries) TransformerChemistryServices Industrials- industrialsuppliers notlisted notlisted

Acquisitionby DistellfromBlueSkyBrand 15%stakeinCruzVodka Consumergoods-distillers notlisted Foreign-US&vintners

Acquisitionby EthosFundVI(EthosCapital) majorityshareholdinginLittleGreenBeverages Financials-specialtyfinance notlisted notlisted

Disposalby° GrowthpointPropertiestoTriremeCC GraystonShoppingCentre notlisted Realestate- diversifiedRETTs notlisted

Disposalby OldMutualpictoKotakMahindraBank 26%stakeinKotakMahindraOldMutualLifeInsurance Foreign- India Financials- lifeinsurance Foreign- India

Disposalby CoalofAfricatoTaungGold Holfonteinthermalcoalproject,SecundainMpumalanga Foreign-HongKong Basicmaterials-coal notlisted

Acquisitionby@|- UniversalPartners 36%stakeinDentexHealthcare AK Foreign- UK Foreign-UK

Disposalby ImperialProperties(Imperial)toBlend portfolioofproperties notlisted Industrials- transportation notlistedPropertyGroup services

Acquisitionby Twinsaver(EthosCapital) Syko Financials- specialtyfinance notlisted notlisted

Disposalby= AngloAmericanpictoMalabarCoal 88,17%stakeinDraytonthermalcoalmineandDraytonSouthproject Foreign-Australia Basicmaterials-generalmining| Foreign-AustraliainNSW,Australia

Acquisitionby NOSAGlobal(MICROmega)fromLexisNexisLegal& theOccupationalHygieneandOccupationalHealthandSafetyDvisions Industrials-businesssupport notlisted notlistedProfessional(RELXGroup) services

Acquisitionby Raubex 100%stakeinMalmesburySand Industrials- heavyconstruction notlisted notlisted

Acquisitionby GuardriskLife(MMI)fromStangen(AfricanBank) certainlifeinsurancepolicies Financials- lifeinsurance notlisted notlisted

Acquisitionby AdaptITfromBJBalsdon,MBMcEnery,RJPienaar, MierosSouthAfrica Technology-computerservices notlisted notlistedPStephenson,ShalamukaCapítal3andCorvest6

Acquisitionby RoelandStreetInvestments(Stor-AgePropertyREIT)|- UnitSelfStorage,SpringfieldStreet,Ottery,CapeTown Realestate-specialityRETIs notlisted notlisted

8 J U A KR < BJ A

TOMBSTONE PARTIESESTIMATED| ANNOUNCEMENT

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

BakerMcKenzie notpubliclydisclosed Apr3

undisclosed Apr3PSGCapital PSGCapital Allen&Overy(SouthAfrica);WebberWentzel R26,5m Apr3

SasfinCapital SasfinCapital Rn Apr4

RandMerchantBank undisclosed Apr4

800CorporateFinance ExchangeSponsors Rim Apr4

InvestecBank R2,im Apr5

StandardBank R1,tbn Apr5

MSquaredResources:QiniseleResources: OneCapital;InvestecBank;NumisSecurities; BakerMcKenzie R275m Apr5NumisSecurities;PeelHunt BMOCapitalMarkets;PeelHunt

undisclosed Apr6

Rothschild(Int);CBRE; MerrillLynch(SA) £296m Apr7

DeutscheFinanceInternational

JavaCapital €49m Apr10

Rothschild(SA) RandMerchantBank WebberWentzel;MalanScholes; R2,3bn Apr10CliffeDekkerHofmeyr

ArborCapitalSponsors undisclosed Apr11

JavaCapital R301,6m Apr11

InvestecBank BakerMcKenzie R360m Apr12

JavaCapital MPartners t62m Apr19

RandMerchantBank CliffeDekkerHofmeyr undisclosed Apr24

ParagonLendingSolutions RandMerchantBank BernadtVukicPotash&Getz undisclosed Apr24

WebberWentzel;CliffeDekkerHofmeyr undisclosed Apr24

BakerMcKenzie notpubliclydisclosed|- Apr24Rothschild(SA) MerrillLynch(SA);NedbankCIB WebberWentzel £156m Apr27

InvestecBank $1,9m Apr28

JavaCapital;PerigeumCapital £15m May2

BakerMcKenzie notpubliclydisclosed May2

WebberWentzel undisclosed May3

RandMerchantBank undisclosed May4

MerchantecCapital undisclosed May4

InvestecBank R10,6m May9

WebberWentzel undisclosed May9

MerchantecCapital GarlickeandBousfield;CliffeDekkerHofmeyr R61,28m May10

Questco Questco CliffeDekkerHofmeyr Mim May10

DealMakers

La

0

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Acquisitionby OmniafromLubricantAdditivesSolutionsand 90%stakeinUmongoPetroleum Basicmaterials- speciality notlisted notlistedTechnologyandAutumnStormInvestments chemicals

Acquisitionby TharisapicfromMCCContracts(eXtract) certainofMCC'sexistingassetsandequipment Basicmaterials-generalmining Industrials-diversified notlisted

Disposalby RandMerchantInvestmenttoOUTsurance 49%stakeinMainStreet1353(onlyassetisa29,9%stake notlisted Financials-equityinvestment notlisted(84%heldRMIsubsidiary) inHastings) instruments

Acquisitionby VodacomfromVodafoneInternational 34,94%indirectstakeinSafaricom(byacquiring87,5%stakein Telecommunications-mobile Foreign-UK Foreign-KenyaVodafoneKenya)

Acquisitionby AccentuatefromBShakinovskyandLShakinovsky Pentafioor AK notlisted notlisted

Disposalby MvelaphandaResources(NorthamPlatinum)to further7,5%stakeinthePandorajointventure Basicmaterials-platinum& Basicmaterials-platinum& notlistedEasternPlatinum(Lonmin) preciousmetals preciousmetals

Acquisitionby AfricanMediaEnter tainmentfromMoneyweb 105574604Moneywebshares Consumerservices-broadcastingnotlisted Consumerservices-publishingminorities &enter tainment

Acquisitionby PLGRetirementVillages(PemburyLifestyle)from theretirementbusinessincludingcurrentleaseagreement,excluding AK notlisted notlistedA s

Acquisitionby GemgrowPropertiesfromtheSollyNoorTrustand CheckersCentre,HawanaNoorCentreandtheShopriteand Realestate- retailREM notlisted notlistedSollyNoorProp NoorCentre,LouisTrichart

Acquisitionby TorrePartsandComponents(TorreIndustries) TopClassAutomotive Industrials- industrialsuppliers notlisted notlisted

Acquisitionby HospitalityPropertyFundfromTsogoSun portfolioof29hotelproperties Realestate-specialityRETs Consumerservices-gambling notlistedsubsidiaries-TheCullinanHotel,MerwayFifthInvestmentsandSouthernSunHotels

Acquisitionby PallinghurstResourcesfromGemfieldsminorities remaining52.91%stakeinGemfields Financials-equityinvestment Foreign- UK Foreign- UKinstruments

Acquisitionby PallinghurstResourcesfromInvestec stakeinGemfieldsaspartofoffertominorities Financials-equityinvestment Financials- investmentservices Foreign- UKinstruments

Disposalby TisoBlackstartoKagisoTiso 22,9%stakeinKagisoTiso notlisted AK notlisted

Acquisitionbya|- Richemont 5%stakeinDufry Consumergoods-personal Foreign-Switzerland Foreign-Switzerland

Acquisitionby GoldFields 10%stakeinjvpartnerGoldRoadResources Basicmaterials-goldmining Foreign-Australia Foreign-Australia

Disposalby OnelogixtoSoragenix(RF)(EnigmaPropertyGroup) propertylettingbusinessinKZN notlisted Industrials- transportation notlisted

services

Acquisitionby HudacoIndustries DishedEnd Industrials- industrialsuppliers notlisted notlisted

Acquisitionbya|- SchroderEuropeanRealEstateInvestmentTrust 50%stakeintheMetromarshoppingcentreinSeville,Spain Realestate- diversifiedRETls Foreign-Switzerland Foreign-SpainfromUBSAssetManagement

Disposalby EmiraPropertyFundtoTamelaandLetsema 5%stake(26133364shares)inEmiraPropertyFund Realestate-diversifiedRETs notlisted notlisted

Disposalby Lusan(DistellandHSchreiber)toHvon Stellenzichtwinery Foreign- Germany Consumergoods- distillers notlistedStaff-Reitz enstein &vintners

Disposalby MirandaCoal(MirandaMineral)toOshoSACoal 73%stakeinSesikhonaKlipbrandColliery notlisted Basicmaterials-generalmining| notlisted

Acquisitionby TFGAustralia(TheFoschiniGroup)from RetailApparelGroup Consumerservices-apparel Foreign-Australia Foreign-AustraliaNavisCapital,SLeibowitzandcertainmanagement retailers

Acquisitionby JascoElectronicsfromGWilsonandDRobinson 51%stakeinReflexSolutions Industrials-electrical notlisted notlistedcomponents&equipment

Disposalby° RedefinePropertiestoEnyukaProp TurfloopPlaza,Mankweng,Limpopo notlisted Realestate- diversifiedRETls notlisted

Disposalby® HammersontoBMORealEstatePartners WestwoodandWestwoodGatewayRetailParksThanet Foreign- UK Realestate- retailRElTs Foreign-UK

Acquisitionby RiskowitzValueFundLPfromFinbondGroup sharesnotalreadyheldinFinbondGroupintermsofmandatory Foreign- US notlisted Financials-banksminorityshareholders offer[only6182660shares(0,79%stake)tendered]

Disposalby DeltaPropertyFundtovariousinvestors TembisaMegamart,ThemaThumo,ProteaCoinDurbanand notlisted Financials- realestateholding notlistedTopTrailersite2 &development

Disposalby South32toScintaSouthAfrica theDavelminingrightandtheErmeloMinesinfrastructur e,railway notlisted Basicmaterials-generalmining|- notlistedloopanddiscarddump

Acquisitionby SunLatam(SunInternational)fromEntretenimientos|- further9.95%stakeinSunDreams(9,65%:0,3%) Consumerservices-gambling Foreign- US Foreign-ChileDelSur(TheRohatynGroup)andmanagement

InvestmentAdvisersincludeFinancialAdvisersandothersclaimingthiscategoryForeigntransaction- notincludedforrankingspurposes(unlesslocaladviser'sroleverified)Propertydeal- excludedforrankingpurposes

SECOND QUARTERS DEALSTOMBSTONEPARTIES

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

RandMerchantBank MerchantecCapital WebberWentzel;Falcon&Hume:CoulsonHarney PwC R780m May11

BSMBlack;JavaCapital; InvestecBank;JavaCapital;PeelHunt; R303,47m May11800CorporateFinance BMOCapitalMarkets

RandMerchantBank RandMerchantBank Allen&Overy(SouthAfrica);CliffeDekkerHofmeyr; R4,tbn May15WebberWentzel

GoldmanSachs(SA);Deloitte;UBS(SA) NedbankC18 ENSafrica;WebberWentzel;CliffeDekkerHofmeyr; PwC R34,6bn May16Daly&Inamdar

BridgeCapital FullardMayerMorrison R40m May16

OneCapital OneCapital;JPMorgan(SA) CliffeDekkerHofmeyr R45,57m May16

ArborCapital;PwCCorporateFinance;Mazars ArborCapitalSponsors Ruxmans GrantThornton;800 R29,56m May16

BDOCorporateFinance ArborCapitalSponsors R39,5m May16

JavaCapital BakerMcKenzie R330m May16

RandMerchantBank undisclosed May18

JavaCapital;Mazars DeutscheSecurities(SA);JavaCapital Shapiro-Aarons PuC R3,6bn May19

UBS;MacquarieCapital;Pallinghurst(London)| UBS(SA) EXSafrica;White&CaseLLP(UK);MourantOzannes; DeloitteLLP $144m May19MusaDudhia

InvestecBank InvestecBank undisclosed May19

PSGCapital CliffeDekkerHofmeyr;WebberWentzel R1,5bn May19

undisclosed May19

JPMorgan(SA) WebberWentzel AS$64,33m May21

JavaCapital JavaCapital CliffeDekkerHofmeyr R240m May22

NedbankC18 RiIm May22

PSGCapital €26,25m May23

MacquarieCapital;Questco;Tamela Questco Allen&Overy(SouthAfrica) PwC R364,23m May23

undisclosed May23

ExchangeSponsors;RiverGroup Tabacks Rom May25

RandMerchantBank RandMerchantBank;UBS(SA) ENSafrica;Bowmans;HerbertSmithFreehills; KPMG A$302,5m May25KingandWoodMallesons

SamuelKennedyInvestments GrindrodBank RashaadSujeeLegal R39,78m May25

BakerMcKenzie notpubliclydisclosed May25

DeutscheSecurities(SA);JavaCapital £80m May26

GrindrodBank;BDOCorporateFinance GrindrodBank Bowmans R1,4bn[R17.99m) May26

NedbankC1B R268,5m May29

BravuraCapital WebberWentzel Ri8im May29

RandMerchantBank $63,04m May30

©Resultofoffer

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Disposalby® IntuPropertiestoTHRealEstate 50%stakeinXanadushoppingcentreinSpain(tobeheldinajoint Foreign- UK Realestate- retailRETTs Foreign-SpainventurewithIntu)

Disposalby GrowthpointPropertiestoHuaweiTechnologies HarrowdeneOfficePark,Woodmead Foreign-China Realestate-diversifiedRETTs notlisted

Acquisitionby° PemburyLifestyle propertyinMnandi,Centurion Al notlisted notlisted

Disposalby PemburyLifestyletotheBlackManagement 56000000sharesinPemburyLifestyle(+-15%stake) notlisted AX notlistedForumInvestmentCompany

Disposalby° EquitesPropertyFund Belvedere(inBelville)andExecutiveOfficeTower(inAirpor tIndustria), notlisted Realestate- industrial& notlistedCapeTown officeREls

Disposalby DatatectoSYNNEX Westcon-ComstorbusinessinNorthandLatinAmericaand10%of Foreign-US Technology- computerservices ForeignWestconInternational

Disposalby® Stenprop aportfolioofmulti-letindustrialpropertiesandthemanagement Foreign- UK Realestate- realestateholding Foreign- UKbusinessC2Capital &development

Disposalby SasfintoWomenInvestmentPortfolio(WIPHOLD) 25,1%stake(8107662shares)inSasfin notlisted Financials- investmentservices Financials- investmentservices

Acquisitionby| Statio(Curr) TheSouthAfricanSchoolofMotionPictureMediumandLive Consumerservices-specialised-|-not listed ---| notisted_-Performance(AFDA)

Disposalby InvestecPropertyFundtotheEntrepreneurship portfolioofpropertiestoformIzandiaPropertyFund(jointventure notlisted Realestate- diversifiedRE notlisted| DevelopmentTrust 65%:35%)

Acquisitionby Stor-AgePropertyREITfromDanCorProperties 99,0%stakeinDanCor(t/aStorfown) Realestate-specialityRETTs notlisted notlisted

Acquisitionby EncorPowerpicfromIPSAminorities IPSA Foreign-UK notlisted Di

Disposalby MCCContracts(eXtract)toSandtonPlantHireEast 60RodioPlace,MidrandIndustrialPark,Gauteng notlisted Industrials-diversified notlisted

Acquisitionby@|- GlencorefromRioTinto Coal&AlliedIndustries Basicmaterials-generalmining Foreign-Australia Foreign-Australia

Acquisitionby«|- GlencorefromMitsubishiCorporation 32,4%stakeintheHunterValleyOperationsjyand28,89%stake Basicmaterials- generalmining Foreign- Japan Foreign-AustraliaintheWarkwor thjv

Disposalby ConduitCapitaltotheRiskowitzValueFund aportionofitsinvestmentsinaportfolioofJSE-listedcompanies Foreign- US Financials-specialtyfinance AItX;Industrials-heavyconstruction;TisoBlackstarGroup,CalgroM3,TrustcoGroup,CombinedMotor Financials-specialtyfinance;HoldingsandenX Consumerservices- apparelretailers;

Industrials- industrialmachinery

JointVenture MMIandAfricanBank(51%:49%) alendingventure Financials-lifeinsurance;unlisted notlisted

Acquisitionby IndluplacePropertiesfromvariousvendors portfolioofresidentialpropertiescomprising2900residentialunits Realestate- residentialRETTs notlisted notlisted

Acquisitionby NEPIProjectOneEood(NewEuropeProperty SerdikaCentreandOfficeinSofia,Bulgaria Realestate-realestateholding Foreign-Bulgaria Foreign-BulgairaInvestments)fromEinkauts-CenterSofia &development

Acquisitionby AlexanderForbes significantstakeinAfricanActuarialConsultands Financials-assetmanagers Foreign-Zimbabwe Foreign-Zimbabwe

Disposalby° Proziguard(FreedomPropertyFund)toAABotes 20-28JacobusStreet,Kimberly notlisted Realestate- realestateholding notlisted

&development

Acquisitionby=| EchoPolskaProperties GaleriaTwierdzainKodzko,GaleriaTwierdzainZamoscandGaleria Realestate- realestateholding Foreign-Poland Foreign-PolandWzorcowniainWloclawek,Poland &development

Acquisitionby WafimaManufacturingandDistributionfrom Winhoid notlisted notlisted h Industrials- industrialsuppliersWinhoidminorities baar

Acquisitionby| Wetrofie TidyFiles(SA) Industrials-businesssupport| notlisted notlisted 7Services

Disposalby BSISteeltoIsiloInvestments(TutuniInvestments effective51,12%stakeinIsiloSteel notlisted AK notlisted14[51%]andThuthukaTrust[49%])

Acquisitionby Rectron(Mustek) 50,1%stakeinPalladiumBusinessSolutions notlisted Technology-computerhardware|- notlisted

Acquisitionby Logicalis(Datatec) 54%stakeinPacketSystemsIndonesia Technology-computerservices Foreign- Indonesia Foreign- Indonesia

Acquisitionby Stadio(Curto) 74%stakeinSouthernBusinessSchoolwhichholdsa51%interestin Consumerservices-specialised notlisted Foreign-NamibiaSouthernBusinessSchoolofNamibia

Disposalby SanlamEmergingMarkets(Sanlam)toBlackStar stakesinEnterpriseLifeAssurance,EnterpriseTrusteesandEnterprise Foreign-Ghana Financials-lifeinsurance Foreign-GhanaInsurance

Acquisitionby WilsonBaylyHolmes-Ovconfromshareholders afurther44%stakeinCapitalAfricaSteel Industrials-heavyconstruction notlisted notlisted

SECOND QUARTER'S DEALSTOMBSTONEPARTIES

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

MerrillLynch(SA) €264,4m May30

BakerMcKenzie R845,4m Jun1

ArborCapitalSponsors undisclosed Jun2

ArborCapitalSponsors Werksmans Rom Jun2

JavaCapital R1&2m Jun5

WilliamBlair RandMerchantBank;JefferiesInternational Bowmans;Werksmans;DLAPiper Deloitte $830m Jun6

JavaCapital;Estera £130,5m Jun7

SasfinCapital;BDOCorporateFinance SasfinCapital;Deloitte TshisevheGwinaRatshimbilani;ENSafrica; GrantThornton R413,49m Jun8BakerMcKenzie

PSGCapital PSGCapital CliffeDekkerHofmeyr PwC;Middel&PartnersCenturion undisclosed Jun8Partnership

InvestecBank;BDOCorporateFinance InvestecBank Werksmans;BakerMcKenzie R586,9m Jun8

Questco BakerMcKenzie;CliffeDekkerHofmeyr R145m Jun8

OptivaSecurities PSGCapital £m Jun9

JavaCapital R52m Jun9

BarclaysAfrica $2,67bn Jun12

BarclaysAfrica $920m Jun12

MerchantecCapital R62,7m Jun12

WebberWentzel undisclosed Jun12

JavaCapital JavaCapital CliffeDekkerHofmeyr;BakerMcKenzie; GrantThorton R1,4bn Jun12WebberWentzel

SSIFIntercapitalInvestSA JavaCapital €249,4m Jun13

undisclosed Jun13

BravuraCapital R1,6m Jun14

JavaCapital €141,6m Jun14

NodusCapital ArborCapitalSponsors Fuxmans Mazars R156,88m Jun15

StandardBank Werksmans R77.9m Jun19

SasfinCapital SasfinCapital R32,3m Jun19

Deloitte R16,2m Jun19

JefferiesInternational RandMerchantBank;JefferiesInternational Bowmans $3,67m Jun20

PSGCapital PSGCapital CliffeDekkerHofmeyr undisclosed Jun20

DeutscheSecurities(SA) $130m Jun23

InvestecBank Rom Jun23

DealMakers

JSELISTINGNATUREOF DEAL PARTIES ASSET ACQUIRER SELLER ASSET

Disposalby WilsonBaylyHolmes-OvcontoEdwinConstruction 8%stakeinEdwinConstructionreducingstaketo49% notlisted Industrials- heavyconstruction notlisted

Disposalby Naspers Czechonline-shoppingplatformHeurekaandonlineretailand Foreign-Czech Consumerservices- Foreign-CzechecommerceplatformNetrail broadcasting&entertainment

Acquisitionby Naspers 23,6%stakeinBrainly,10,6%stakeinUdemyanda19,2%stake Consumerservices-broadcasting|- Foreign-Poland;Foreign-US Foreign-Poland;Foreign-USinCodecadamy &enter tainment

Acquisitionby°|- IndluplaceProperties twobuildingsinKZN(SouthBeachandGreyville) Realestate- residentialRETs notlisted notlisted

Acquisitionby WilsonBaylyHolmes-Ov eon 40%stakeinByeGroup Industrials-heavyconstruction Foreign-UK Foreign-UK

Acquisitionby ThePrepaidCompany(BlueLabelTelecoms)fromWild| 3GMobile Telecommunications-mobile notlisted notlistedRoseCapital,Newshelf1312,MalewellInvestments,InvestecBank,JBeareandDBFCapitalPartners

Disposalby AdcorptoValueCapitalPartners 12,59%stakeinAdcorp notlisted Industrials- businesstraining Industrials-businesstraining&&employmentagencies employmentagencies

Acquisitionby@|- Hirslanden(MediclinicInternational) 64%interestinLindeHoldingBiel Healthcar e-healthcar eproviders|- Foreign-Switzerland Foreign-Switzerland

Acquisitionby Aconsortium(comprisingGeomerInvestments, 726600ordsand604045NsharesinAfrican&OverseasEnterprises notlisted notlisted Consumerservices-apparelretailersTheCegjayTrust,GingkoTradingandGingkoInvestmentsNo2)fromtheStewartandPatShubFamilyTrust,CRadowsky,AShubandPShub

Acquisitionby Aconsortium(comprisingGeomerInvestments, 1241ordsand4058NsharesinRexTrueformClothingCompany notlisted notlisted Consumerservices-apparelretailersTheCeejayTrust,GingkoTradingandGingko [only4315ordsand185190Nsharestendered]InvestmentsNo2)fromtheStewar tandPatShubFamilyTrust,CRadowsky ,AShubandPShub

Disposalby RedefinePropertiestoBEEconsortium 22,8%stakeinDeltaPropertyFund notlisted Realestate-diversified Realestate- industrial&offices

Acquisitionby=| OldMutualProperty(OldMutual) 32%interestinSquarestonepartnership Financials- lifeinsurance Foreign-UK Foreign-UK

Disposalby CapitalPropfund3(FortressIncomeFund)to TheCrescent,Umhlanga,Durban notlisted Realestate-diversifiedRETTs notlistedVresthena

Acquisitionby BidvestBank(Bidvest)fromFirstDataCorporationFirstDataResourcesSouthAfrica Industrials-diversified Foreign-US notlisted

Acquisitionby BidvestServices(Bidvest)fromOlympicSpiritTrust 60%stakeinCIServices Industrials-diversified Foreign-Mauritius Foreign-Mauritius

Acquisitionby LifeHealthcare ThePark,AlexandraRdOudeMolenVillage,Pinelands Healthcare- equipment&services|- notlisted notlisted

Acquisitionby Omnia LDRPrecisionRetailServices,LDRPrecisionFarmingTechnologiesand Basicmaterials- speciality notlisted notlistedLDRPrecisionTechnicalFieldServices chemicals

Acquisitionby Cashbuild BuffaloGroup Consumerservices-home notlisted notlistedimprovementretailers

Disposalby Brandcorp(Bidvest)toEuropeanQualityHousewareoneordinaryshareand489'B'sharesinPrestigeQualityHousewares notlisted Industrials-diversified notlisted

Acquisitionby Cashbuild BuilditKirkwood Consumerservices-home notlisted notlistedimprovementretailers

Disposalby GlobalHoldings(Imperial)toPSTSalesand GlobalHoldingsBotswana Foreign-Botswana Industrials- transportation Foreign-BotswanaDistribution services

Acquisitionby OMLACSA(OldMutual)fromRemgro furtherstakeinKagisoInfrastructureEmpowermentFund Financials- lifeinsurance notlisted notlisted

Disposalby° AscensionPropertiestoKekkelenKraaiRiversdale 238RoanCrescent notlisted Realestate-diversifiedRETTs notlisted

Disposalby AshBrookInvestments15,CoralLagoonInvestments|- stakeinCapitecBank notlisted notlisted Financials-banks194andotherstoPetratouch

Disposalby SanlamLifeInsurance(Sanlam)toBrenthurst stakeinAnsonHoldings notlisted Financials- lifeinsurance notlistedRetirement

Acquisitionby SARetailProperties(SACorporateRealEstate) stakeinVaxiroxInvestment Realestate-diversifiedRETTs notlisted notlistedfromSilverCrownTrading27

JointVenture CrownFoodGroup(BidCorporation)andGriffith GriffithCrownFoods Consumerservices-foodretailers notlistedFoodsWorldwide &wholesalers;Foreign-US

Disposalby PowertechIndustries(AlliedElectronics)to majoritystakeinAutoX notlisted Industrials-electrical notlistedTrinitasPrivateEquityPartnership components&equipment

Acquisitionby OMLACSA(OldMutual)fromKagisoInfrastructure sharesinUmoyaEnergy Financials- lifeinsurance notlisted notlistedEmpowermentFund(managedbyAfricanInfrastructur eInvestmentManagers)

*_ InvestmentAdvisersincludeFinancialAdvisersandothersclaimingthiscategory=- Foreigntransaction- notincludedforrankingspurposes(unlesslocaladviser'sroleverified)©_ Propertydeal- excludedforrankingpurposes

SECOND QUARTER'S DEALSTOMBSTONEPARTIES

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

InvestecBank R44m Jun23

InvestecBank R1,22bn Jun23

R1,35bn Jun23

Rim Jun26

InvestecBank £12m Jun26

InvestecBank InvestecBank Werksmans;ENSafrica R1,%bn Jun27

Deloitte undisclosed Jun27

Jun27

JavaCapital Bowmans;WebberWentzel R64,99m Jun29

JavaCapital Bowmans;WebberWentzel indabove Jun29

CliffeDekkerHofmeyr;WebberWentzel R1,45bn Jun30

CliffeDekkerHofmeyr notpubliclydisclosed notannounced

CliffeDekkerHofmeyr notpubliclydisclosednotannounced

Werksmans notpubliclydisclosed notannounced

Werksmans notpubliclydisclosed notannounced

Werksmans undisclosed notannounced

WebberWentzel notpubliclydisclosed notannounced

WebberWentzel notpubliclydisclosed notannounced

Werksmans notpubliclydisclosed notannounced

WebberWentzel notpubliclydisclosed notannounced

Bowmans undisclosed notannounced

CliffeDekkerHofmeyr;WebberWentzel undisclosed notannounced

BakerMcKenzie notpubliclydisclosed notannounced

Tamela CliffeDekkerHofmeyr;WebberWentzel R2,Tbn notannounced

CliffeDekkerHofmeyr undisclosed notannounced

CliffeDekkerHofmeyr R6Sm notannounced

t Werksmans notpubliclydisclosed|- notannounced

Bowmans undisclosed notannounced

WebberWentzel;ENSafrica notpubliclydisclosed notannounced