Sharenet Sites 
Sharenet Sites
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
Date: 25/10/2017 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
