TISO BLACKSTAR GROUP SE - Notification Of Major Interest In Shares

Notification Of Major Interest In Shares

Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 110)
(registered as an external company with limited liability in the Republic of South Africa under
registration number 2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: GB00BF37LF46
(“Tiso Blackstar” or the “Company”)

   For filings with the FCA include the annex
   For filings with issuer exclude the annex


   TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

   1. Identity of the issuer or the underlying issuer
   of existing shares to which voting rights are                TISO BLACKSTAR
   attached: ii
   2 Reason for the notification (please tick the appropriate box or boxes):

   An acquisition or disposal of voting rights                                                    X

   An acquisition or disposal of qualifying financial instruments which may result in the
   acquisition of shares already issued to which voting rights are attached
   An acquisition or disposal of instruments with similar economic effect to qualifying
   financial instruments
   An event changing the breakdown of voting rights
   Other (please
   specify):

   3. Full name of person(s) subject to the
                                                               PROTEA ASSET MANAGEMENT LLC
   notification obligation: iii



   4. Full name of shareholder(s)
                                                               PROTEA ASSET MANAGEMENT LLC
    (if different from 3.):iv


   5. Date of the transaction and date on
   which the threshold is crossed or                                        October 24, 2017
   reached: v

   6. Date on which issuer notified:                                        October 24, 2017
7. Threshold(s) that is/are crossed or
                                         5.00%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of        Situation previous           Resulting situation after the triggering transaction
shares               to the triggering
                     transaction
if possible using    Number          Number       Number             Number of voting        % of voting rights x
the ISIN CODE        of              of           of shares          rights
                     Shares          Voting                                      Indirec
                                                  Direct             Direct xi               Direct         Indirect
                                     Rights                                      t xii
MT0000620113
                     13,406,442                   13,565,772         13,565,772              5.11%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial          Expiration    Exercise/                    Number of voting               % of voting
instrument                 date xiii     Conversion Period     xiv    rights that may be             rights
                                                                      acquired if the
                                                                      instrument is
                                                                      exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi

Resulting situation after the triggering transaction
Type of financial     Exercise     Expiration   Exercise/          Number of voting rights      % of voting rights xix,
instrument            price        date xvii    Conversion         instrument refers to         xx

                                                period xviii
                                                                                                Nominal       Delta

Total (A+B+C)
Number of voting rights                                    Percentage of voting rights

13,565,772                                                 5.11%

 9. Chain of controlled undertakings through which the voting rights and/or the
 financial instruments are effectively held, if applicable: xxi
 Our group, which is deemed to be under common control, is comprised of:

 1. Protea Asset Management LLC (“Protea”) =        13,565,772 shares, and

 Address for Protea (a US limited partnership) is as follows:

 3 Columbus Circle, 15th Floor
 New York, NY
 10019

 Proxy Voting:
 10. Name of the proxy holder:

 11. Number of voting rights proxy holder will cease
 to hold:

 12. Date on which proxy holder will cease to hold
 voting rights:

 13. Additional information:


 14. Contact name:                                     ADRIAN MAIZEY


 15. Contact telephone number:                         +1-203-489-2032

25 October 2017

JSE Sponsor
PSG Capital

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