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NEWS

ACCELERATED BOOK BUILD

14th July 2015
Contributor: Java Capital

Octodec announces an equity raising of approximately R300 million through the issue of new shares (the "equity raise") that will be completed as part of a vendor consideration placing (as defined under paragraph 5.62 of the JSE Listings Requirements) and where required, under the company's remaining general authority to issue shares for cash.

The equity raise will be implemented through an accelerated book build process (the "book build"). All public and non-public investors (as defined under paragraphs 4.25 - 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing and only public investors may participate in the equity raise under the company's general authority to the extent available and subject to a minimum subscription application of R1 million per applicant. The book build is now open and the company reserves the right to close it at anytime.

The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the book build.

Octodec reserves the right to increase the size of the equity raise subject to demand.

Java Capital is acting as sole bookrunner.

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