Update on Share Reacquisition Programme, the delisting of shares acquired to date and notification of increase in beneficial interest
01-09-2020

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

Update on Share Reacquisition Programme, the delisting of shares acquired to date and notification of increase in beneficial interest

The Share Reacquistion Programme announced on 1 July 2020 has reference.

Up to 31 August 2020, TWK Investments Ltd (“the Company”), through the services of an independent broker, has reacquired a total number of 689,440 shares (1.96% of the issued shares) in the open market at a weighted average price (excluding trading costs) of R26.48 per share.

Shareholders are hereby advised that the 689,440 shares reacquired to date are being delisted and the ordinary shares in issue as displayed on the ZAR X exchange will reduce from 35,100,993 to 34,411,553.

Shareholders are hereby advised in terms of s122(3)(b) of the Companies Act, that TWK Agriculture Holdings (Pty) Ltd has notified the Company in terms of s122(1) of the Companies Act, that its shareholding in the Company has increased from 59.97% to 61.17% as a result of the Share Reacquisition Programme.

The Share Reacquisition Programme will continue until 31 January 2021 as per the announcement on 1 July 2020.

MJ Potgieter
COMPANY SECRETARY
tpotgieter@twkagri.com

Piet Retief
01 September 2020