ADVTECH LIMITED - Accelerates growth strategy with R82 million acquisition of Summit College

Accelerates growth strategy with R82 million acquisition of Summit College

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
("the Company" or “ADvTECH”)

ADvTECH accelerates growth strategy with R82 million acquisition of Summit College

ADvTECH today announced that it had concluded an R82m agreement to acquire Summit College
from the Summit College Trust (“the transaction”). This is not a categorised transaction in terms of the
JSE Listings Requirements.

The deal forms part of ADvTECH’s accelerated growth strategy.

Summit College has extensive 42 hectare grounds part of which have been developed into a school
with a capacity for 1000 students and current enrolments of 590. Founded in 1989, the school offers
boarding on the property and caters for all phases from Grade 000 to Grade 12.

The school is ideally located in Kyalami, a high growth urbanising area in Midrand. The site, zoned for
education, offers attractive possibilities for the expansion of Summit College as well as the building of
other educational facilities.

Summit College will become the latest member of ADvTECH Academies, a group of schools serving
their distinct communities and each characterised by their own identity and ethos.

The cash deal will be settled in part through contributions to a scholarship fund to be administered in
collaboration by the Summit College Trust and ADvTECH. Once established, the scholarship fund will
enable the Trust to sustain its historic mandate of providing financial assistance to deserving learners.

Subject to due diligence and regulatory approvals the transaction is expected to complete in January
2016.

Johannesburg
17 September 2015
Sponsor: Bridge Capital Advisors Proprietary Limited

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