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Update on the Acquisition of the Premier Plastics Group
TRANSPACO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1951/000799/06)
ISIN: ZAE000007480
JSE Share code: TPC
("Transpaco")
UPDATE ON THE ACQUISITION OF THE PREMIER PLASTICS GROUP
Shareholders are referred to the announcements released on the Stock Exchange News
Service on 06 November 2025 and 29 January 2026 respectively (the "terms
announcements"). The terms announcements set out the details of Transpaco's proposed
acquisition of all of the issued shares of Premier Plastics Proprietary Limited ("Premier")
from Bundeena No 2 Proprietary Limited, Sixone Proprietary Limited and Alessandra
Bragazzi (collectively the "Sellers") who have agreed to sell the shares to Transpaco with
effect from 1 July 2025 ("Effective Date"), on certain terms and subject to certain conditions
(the "Acquisition").
Shareholders are advised that Transpaco has been informed by the Competition
Commission that it has prohibited the Acquisition. Transpaco is working through the
Competition Commission's response and is considering all available options.
Shareholders will be updated in due course.
Legal advisors to Transpaco
Cliffe Dekker Hofmeyr Incorporated
Sponsor to Transpaco
Investec Bank Limited
24 February 2026
Date: 24-02-2026 07:05:00
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