TISO BLACKSTAR GROUP SE - Postponement Of Sanction Hearing

Postponement Of Sanction Hearing

TISO BLACKSTAR GROUP SE
(Incorporated in England and Wales)
(Registration number: SE000110)
(Registered as an external company with
limited liability in the Republic of South Africa
under registration number: 2011/008274/10)
Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or "the Company")

POSTPONEMENT OF SANCTION HEARING

Capitalised terms used below and elsewhere in this announcement and that are not otherwise
defined, bear the meaning ascribed to them in the circular distributed to Tiso Blackstar
shareholders on 31 July 2020 (“Circular”).

The application to the UK High Court to sanction the Scheme and confirm the Capital
Reduction (“Sanction Hearing”) has been delayed until a date to be confirmed at a later stage
by the Company. This is because one of the conditions to making the application (the KTH
Sale being implemented and the cash payment of the KTH Sale Consideration being received
by Tiso Blackstar: para 6.5.5 of the Circular) is not expected to be met in time in order for the
Sanction Hearing to proceed on 5 October 2020.

London
2 October 2020

 Sponsor                Corporate Advisor           English Legal advisor     SA Legal Advisor
PSG Capital              Vestra Advisory               Paul Hastings        Cliffe Dekker Hofmeyr

Date: 02-10-2020 05:45:00
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