CONDUIT CAPITAL LIMITED - Update on the Disposal of Interest in Century 21, South Africa

Update on the Disposal of Interest in Century 21, South Africa

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND  ISIN: ZAE000073128
("Conduit Capital" or "the Group")


UPDATE ON THE DISPOSAL OF INTEREST IN CENTURY 21, SOUTH AFRICA


Shareholders are referred to the announcement released on SENS on 26 November 2024 ("Announcement")
wherein the Board advised that Conduit Capital's wholly owned subsidiary, Conduit Management Services
Proprietary Limited ("CMS") and 51% shareholder in Deal Design Commercial Property and Business Broking
Proprietary Limited trading as Century 21, South Africa ("Century 21") that CMS will dispose of the shares it
owns in, and proportionate share of the claims it has against, Century 21 ("Sale Interest"), to the Purchaser
for a total purchase price of R7 242 000.00 ("Purchase Price") ("Disposal").

Shareholders were advised in the Announcement that the Group would seek clarity from the JSE to obtain
certainty regarding the classification of the Disposal, given the suspension of Conduit Capital.

The Group hereby advises that the JSE has ruled that the Disposal is classified as a category 2 transaction.


Cape Town
11 December 2024

Sponsor
Merchantec Capital

Date: 11-12-2024 04:00:00
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