Update on Sun International's Monticello deal

Johannesburg - Sun International [JSE:SUI] had, on June 30 2014, reached agreement to acquire Novomatic AG's 44.2% effective interest in Monticello Grand Casino and Entertainment World and a further 10.5% interest held by a minority shareholder, Chilean Enterprises S.p.A., giving the company an effective 98.9% of Monticello.

The company advised shareholders in a Sens statement issued on Monday that all the conditions precedent to the transaction have been fulfilled and payment will shortly be made. Accordingly the acquisition is unconditional and will be accounted for from November 1 2014.
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