ZEDER INVESTMENTS LIMITED - Implementation of category 2 disposal of Applethwaite farm

Implementation of category 2 disposal of Applethwaite farm

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
("Zeder" or "the Company")


IMPLEMENTATION OF CATEGORY 2 DISPOSAL OF APPLETHWAITE FARM



The Company, through its wholly-owned subsidiary Zeder Financial Services Limited
("ZFS"), holds 87.1% of the issued shares of Zeder Pome Investments Proprietary Limited
("Pome Investments"), which in turn holds 100% of the issued shares of Capespan Agri
Proprietary Limited ("CS Agri").

Shareholders of the Company ("Shareholders") are referred to Zeder's announcement
released on the Stock Exchange News Service of the JSE Limited on 9 July 2024
("Announcement"), in terms of which Shareholders were advised that CS Agri entered
into an agreement with Vredenhof Beleggings Proprietary Limited to dispose of the primary
farming production unit, namely, Applethwaite ("Disposal"), for the disposal consideration
of R190 000 000 (one hundred and ninety million rand) inclusive of VAT at 0% (zero
percent) plus the value of the agricultural inputs on hand of R544 909 (five hundred and
forty four thousand, nine hundred and nine rand) and the 2025 season costs incurred to
the amount of R11 034 772 (eleven million, thirty four thousand, seven hundred and
seventy two rand) (together the "Purchase Consideration").

The Company is pleased to advise Shareholders that all conditions precedent have been
fulfilled and that the Purchase Consideration has been received by CS Agri.


Stellenbosch

16 October 2024

 Transaction Advisor to Zeder
        and Sponsor

          PSG Capital

Date: 16-10-2024 03:40:00
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