TISO BLACKSTAR GROUP SE - Scheme Unconditional Date Announcement

            
TBG
Scheme Unconditional Date Announcement

TISO BLACKSTAR GROUP SE
(Incorporated in England and Wales)
(Registration number: SE000110)
(Registered as an external company with
limited liability in the Republic of South Africa
under registration number: 2011/008274/10)
Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or "the Company")


SCHEME UNCONDITIONAL DATE ANNOUNCEMENT


Capitalised terms used below and elsewhere in this announcement and that are not otherwise
defined, bear the meaning ascribed to them in the circular distributed to Tiso Blackstar
shareholders on 31 July 2020 (Circular).

Shareholders are referred to the Circular and the announcement regarding the fulfilment of
certain conditions precedent and the revised important dates and times relating to the
Scheme, published on SENS on 10 November 2020.

Tiso Blackstar is pleased to announce that all the Conditions, as detailed in the Circular, have
been fulfilled, and accordingly the Scheme has become unconditional.

Accordingly, shareholders are advised that the Scheme will be implemented in accordance
with the final important dates and times set out below:

                                                                                    2020

 Scheme Unconditional Date                                                     Friday, 20 November
                                                                                  
 Scheme Effective Date on                                                      Friday, 20 November, after 15:00
                                                                               GMT (17:00 SAST)
 Scheme Unconditional Date announcement to be published
 in the press on                                                               Monday, 23 November
                                                                                
 Scheme Consideration payment to Dematerialised Tiso
 Blackstar Shareholders who hold Exit Election Shares on                       Monday, 23 November

 Scheme Consideration payment to Certificated Tiso
 Blackstar Shareholders who hold Exit Election Shares to
 take place within 5 Business Days of the Scheme Effective
 Date                                                                          Monday, 23 November

 Termination of listing of Shares on the JSE at
 commencement of trade on                                                      Tuesday, 24 November
                                                                                

London
20 November 2020

     Sponsor                 Corporate Advisor            English Legal
   PSG Capital                Vestra Advisory               advisor
                                                          Paul Hastings


  Independent Expert  Independent Reporting Accountants   SA Legal Advisor

                          Deloitte & Touche and            Cliffe Dekker
      BDO
                         PricewaterhouseCoopers              Hofmeyr

Date: 20-11-2020 05:10:00
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