AFRISTRAT INVESTMENT HOLDINGS LIMITED - Liquidation Application Update

Liquidation Application Update

AFRISTRAT INVESTMENT HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000305959
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
("Afristrat" or "the Company")


LIQUIDATION APPLICATION UPDATE


Holders of securities are referred to the:

-     'Update on Liquidation Application filed by Ordinary Shareholder' announcement released on SENS
      on 21 February 2024 (and using the terms defined therein unless otherwise stated) wherein Afristrat
      advised that judgement had been handed down by the Court and the liquidation application filed by
      an ordinary shareholder of the Company ("the Application") had been dismissed with costs; and

-     'Liquidation Application Update' announcement released on SENS on 12 April 2024 wherein Afristrat
      advised, inter alia, that the aforementioned ordinary shareholder had submitted an application for
      leave to appeal ("Leave Application") the judgement (and as such, the Creditor Applicant would no
      longer be able to proceed with the Creditor Application as the Leave Application would take
      precedence) and that the Company was awaiting a court hearing date for the Leave Application to be
      heard.

Holders of securities are hereby advised that, on 24 May 2024, judgement was handed down by the Court
and the Leave Application was dismissed with costs.

At this time, the Company is unable to confirm whether the Creditor Applicant will proceed with the
Creditor Application.

Shareholders will be kept appraised of the above by way of a further SENS announcement.


28 May 2024
Centurion

Sponsor
Merchantec Capital

Date: 28-05-2024 04:03:00
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