DENEB INVESTMENTS LIMITED - Notice to Shareholders in Terms of Section 45(5) of The Companies Act

Notice to Shareholders in Terms of Section 45(5) of The Companies Act

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
("Deneb" or the "Company")

NOTICE TO SHAREHOLDERS IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT

Shareholders are hereby advised in terms of section 45(5) of the Companies Act, 2008 ("the
Act"), that the board of directors of the Company ("the Board") has resolved to provide financial
assistance to subsidiary companies in accordance with section 45(2) of the Act, pursuant to
the authority granted to the Board by shareholders at the annual general meeting of the
Company held on 21 August 2023.

The financial assistance is in respect of the furnishing of a guarantee and indemnity ("the
Guarantee") in favour of The Standard Bank of South Africa Limited ("the Bank"), in connection
with all of the present and future indebtedness of subsidiary companies to the Bank, which
Guarantee replaces an existing guarantee in favour of the Bank.

Shareholders are hereby notified for purposes of section 45(5)(a) of the Act that the financial
assistance exceeds one-tenth of 1% of the Company's net worth and that in accordance and
in compliance with section 45(3)(b) of the Act, the Board is satisfied that immediately after
providing such financial assistance, the Company satisfies the solvency and liquidity test
provided for in section 4 of the Act and that the terms of the financial assistance is fair and
reasonable to the Company.

Cape Town
2 November 2023

Sponsor
PSG Capital

Date: 02-11-2023 04:30:00
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