Implementation of Improved Financing Structure
05-09-2017

Name of Issuer TWK Investments Limited
Country of Incorporation ZA
Registration Number 1997/012251/06
ISIN Number ZAEZ00000034
Share Code ZXTWI



Implementation of Improved Financing Structure

In compliance with Rule 6.3 of the ZAR X Listings Requirements, shareholders are hereby informed that from 31 August 2017 an improved financing structure for the TWK Group loan facilities has been implemented. A new syndication agreement, a first for the agricultural sector, with Standard Bank and Landbank has been concluded and implemented to enhance the growth and sustainability of TWK. TWK is supported by a finance structure and financial institutions who have a profound understanding of the agricultural sector.

By aligning the maturity dates of its various assets and liabilities the TWK Board obtained a balance between the optimal financing mechanism and the different financing products. The long-term facilities were increased and structured to favourably address the cyclical nature of the agricultural sector. The structure will improve the key financial ratios of the TWK Group and also provides for additional financial institutions to participate in the future in a cost effective manner.

Date: 05-09-2017
Place: Piet Retief

Appointed Adviser:
MJ Potgieter (e-mail: tpotgieter@twkagri.com)