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EXTENSION OF THE CLOSING DATE OF THE MANDATORY OFFER BY HCI-KWV HOLDINGS PROPRIETARY LIMITED (“HCI-KWV HOLDINGS”), A SUBSIDIARY OF HCI, TO ACQUIRE ALL OF THE ORDINARY SHARES IN THE ISSUED SHARE CAPITAL OF KWV (OTHER THAN THOSE THAT IT ALREADY OWNS)

Shareholders are referred to the announcement released on the Securities Exchange News Services (“SENS”) of the JSE Limited on 21 December 2011 and the mandatory offer document posted on 20 January 2012 which stated that the mandatory offer to KWV shareholders was expected to close at 17:00 on 2 March 2012. Following the release of KWV`s interim results on 21 February 2012, HCI has decided (with the prior approval of the Takeover Regulation Panel) to extend the mandatory offer closing date and time to 12:00 on 22 March 2012. The revised dates and times of the mandatory offer are set out below:

 

Record date, being the final date on which KWV Thursday, 22 March
shareholders must be recorded in the register
in order to be eligible to accept the
mandatory offer on
Closing date of the mandatory offer at 12:00 Thursday, 22 March
on
Results of the mandatory offer released on Friday, 23 March
SENS on
Results of the mandatory offer published in Monday, 26 March
the press on

Record date, being the final date on which KWV shareholders must be recorded in the register
in order to be eligible to accept the mandatory offer on
Closing date of the mandatory offer at
Results of the mandatory offer released on SENS on
Results of the mandatory offer published in the press on

Offer consideration posted to shareholders who accept the mandatory offer ( (once documents of acceptance of the mandatory title have been received)

Thursday, 22 March
12:00 Thursday, 22 March
Friday, 23 March
Monday, 26 March

within six business days after

HCI reserves the right, at its discretion, and subject to the prior approval of the Takeover Regulation Panel, to make any changes to the dates referred to in this announcement (including extending the closing date), which amended dates
will be released on SENS and published in the South African press.

Source: HCI