SASFIN HOLDINGS LIMITED - Implementation of Disposal of Capital Equipment Finance and Commercial Property Finance Businesses to African Bank

Implementation of Disposal of Capital Equipment Finance and Commercial Property Finance Businesses to African Bank

SASFIN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
Share Code: SFN
ISIN Number: ZAE000006565
("Sasfin" or "the Company")


FULFILMENT OF IMPLEMENTATION CONDITIONS RELATING TO THE DISPOSAL BY
SASFIN BANK LIMITED OF ITS CAPITAL EQUIPMENT FINANCE AND COMMERCIAL
PROPERTY FINANCE BUSINESSES TO AFRICAN BANK LIMITED


Sasfin shareholders ("Shareholders") are referred to the announcement released on SENS
and Circular published on 25 March 2024 and the announcements released on SENS on
28 June 2024 and 6 August 2024 respectively, wherein they were advised that Sasfin
Holdings, via its wholly owned subsidiary, Sasfin Bank Limited had entered into agreements
(the "Sale of Business Agreements"), in terms of which, subject to the fulfilment of certain
suspensive conditions, it will, as one indivisible transaction, dispose of its Capital Equipment
Finance and its Commercial Property Finance business, as a going concern, to African Bank
Limited..

The Board of directors of Sasfin is pleased to announce that as at 31 October 2024, all
implementation conditions required to give effect to the Sale of Business Agreements have
been met, effective 1 November 2024. The conclusion of the disposal of Sasfin's Capital
Equipment Finance and Commercial Property Finance businesses is a key milestone in
Sasfin's strategic reset.

Sasfin expresses its gratitude to the deal team as well as the Capital Equipment Finance and
Commercial Property Finance teams and clients with whom it has partnered over many years,
and who will be transferring to African Bank. Sasfin wishes both them and African Bank every
success in the businesses.

Johannesburg
1 November 2024

Sponsor
Questco Corporate Advisory Proprietary Limited




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Date: 01-11-2024 01:58:00
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