FSCA suspends Exchange licence of ZAR X

23 August 2021

Name of Entity ZAR X (PTY) Limited
Country of Incorporation ZA
Registration Number 2015/08962/07

FSCA suspends Exchange licence of ZAR X 23 August 2021

It is with disappointment that we must inform you that the Financial Sector Conduct Authority (FSCA) has suspended the exchange license of ZAR X, effective from 16:00 on August 20, 2021, the full stakeholder announcement can be read on this link here

The practical impact of the suspension is that ZAR X is not permitted to list new issuers nor accept new orders for transactions in securities. Importantly:
6.1 The listed status of issuers is not impacted in any way;
6.2 Transactions already in progress or not completed, which includes corporate actions
and orders already within the ZAR X Trading Platform, remain unaffected and will proceed in the ordinary course of business.

By order of the Board of Directors.

Johannesburg

23 August 2021