11 Jun - 2 min read

Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

Incorporated in the Republic of South Africa
(Registration number 2013/205899/06)
Share code: PEM    ISIN: ZAE000222949
(“Pembury” or “the Company”)


Further to the ‘Detailed Cautionary Announcement relating to an Offer to Subscribe for Shares by
Verityhurst Proprietary Limited (“Verityhurst”)’ announcement dated 30 July 2020 (and using the
terms defined therein unless otherwise stated) wherein shareholders were advised, inter alia, that the
Board had accepted an offer from Verityhurst to enter into a Share Subscription Agreement in terms
of which Verityhurst has agreed to subscribe for 180 000 000 Subscription Shares for cash at a
subscription price of 10.5 cents per share for a total consideration of R18 900 000 subject to certain
suspensive conditions, including the disposal of the PLG Retirement Village subsidiary, the update
announcements, the last of which was released on SENS on 6 August 2020 and the subsequent
renewal of cautionary announcement, the last of which was released on SENS on 22 April 2021,
shareholders are reminded that, as announced on SENS on 14 August 2020:

-   given that the Company was suspended on 1 July 2020, the Subscription Price pertaining to the
    subscription of the Subscription Shares by Verityhurst is subject to discussions with the JSE in
    terms of the Company’s general authority; and

-   in so far as paragraph 9.7 of the Listings Requirements of the JSE is concerned and to which the
    disposal of the PLG Retirement Villages is subject, the JSE has, via the Designated Advisor,
    engaged with the Company in order to reach a determination of the categorisation of such disposal
    prior to signature of the disposal agreement.

The JSE requested a formal ruling which was submitted in February 2021. Pembury Lifestyle Group
is currently in discussions with the JSE regarding this matter.

The JSE has requested a valuation for the issue of shares for cash, this has been completed by the
Company and submitted to the JSE for approval.

Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities until a further announcement is made.

11 June 2021

Designated Adviser
Merchantec Capital

Date: 11-06-2021 04:50:00
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