AFRISTRAT INVESTMENT HOLDINGS LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

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" or "the Group")


Renewal of Cautionary Announcement


Shareholders are referred to the 'Business update on legal actions, Event of Default, proposed
debt restructuring, rationale for a capital raise and Cautionary Announcement' ("Cautionary
Announcement") released on SENS on 12 May 2022, and the subsequent renewal of cautionary
announcements, the last of which is dated 12 April 2024 wherein (and using the defined terms
therein unless otherwise stated) Afristrat advised, inter alia, that:

-   the Company had been unable to make additional progress with regard to its restructuring
    initiatives process due to its Suspension and the Liquidation Application;

-   the Group is unable to continue as a going concern;

-   Afristrat would not be able to proceed with its Voluntary Liquidation Application given that
    the intended re-enrollment of the Creditor Application would take preference over the
    Voluntary Liquidation Application;

-   the Creditor Application could not be re-enrolled as the Leave Application would now take
    precedence over the Creditor Application, and that the Company was waiting for a court
    hearing date for such application to be heard; and

-   the Board will wait for the outcome of the Leave Application before acting on the conclusions
    reached on the going concern assessment performed by the Board,

    collectively referred to as "the Matters".

Accordingly, shareholders are advised to continue exercising caution when dealing in the
Company's securities until a further announcement is made.


27 May 2024
Centurion


Sponsor
Merchantec Capital

Date: 27-05-2024 04:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.