Sharenet Sites 
Sharenet Sites
Voluntary announcement regarding the acquisition by Alexforbes of OUTvest
Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number: 2006/025226/06
JSE Share Code: AFH and ISIN: ZAE000191516
(Alexforbes or the company or group)
VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION BY ALEXFORBES OF OUTVEST
Alexforbes is pleased to announce that Alexander Forbes Limited, a wholly owned subsidiary of the company, has concluded a
binding agreement with OUTsurance Holdings Limited (OHL), an 89.8%-held subsidiary of OUTsurance Group Holdings, for the
acquisition of 100% of the shares in OUTvest Proprietary Limited (OUTvest), subject to certain conditions precedent which
include regulatory approvals (the acquisition or transaction). OUTvest is a wholly owned subsidiary of OHL.
The effective date of the acquisition will be dependent on the fulfilment of all conditions precedent and is expected to occur
towards the end of March 2024. Should the necessary regulatory approvals be obtained, and commercial conditions precedent
fulfilled, OUTvest and Alexforbes will collaborate to ensure a seamless transition and minimal disruption for customers,
employees and suppliers of OUTvest.
OUTvest is an award-winning digital wealth platform launched in 2017 and was built to enable the distribution of a range of high-
quality, simple, and low-cost wealth products, through direct and intermediated channels to a wide range of customer segments
including mass and mass affluent customers to help them achieve their financial goals. The platform integrates automated
advice, human advice, administration, and asset management into a seamless digital wealth solution that is designed for scale.
The acquisition accelerates our digital journey and supports our strategy of transforming into the most impactful provider of
advice to retirement fund members.
The acquisition falls below the threshold for categorisation, is not a related party transaction in terms of the JSE Limited Listings
Requirements, and therefore this is a voluntary announcement provided for information purposes only.
Carina Wessels
Executive: Governance, Legal, Compliance and Sustainability (Company Secretary)
8 November 2023
Sandton
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08-11-2023 03:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
