THE BIDVEST GROUP LIMITED - Notice in terms of section 45(5) of the Companies Act of 2008 as amended

Notice in terms of section 45(5) of the Companies Act of 2008 as amended

The Bidvest Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
Share code: BVT
ISIN ZAE000117321
("Bidvest" or "the Company" or "the Group")

NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT OF 2008 AS AMENDED

Shareholders are advised that at the annual general meeting of Bidvest held on 29 November 2024,
shareholders approved and passed a special resolution in terms of Section 45 of the Companies Act of
2008, as amended ("the Act") authorising the Company to provide financial assistance to among
others, related or inter-related companies or corporations of the Company.

Section 45(5) of the Act requires a company to provide written notice to shareholders of the adoption
of a board resolution to provide financial assistance, if the value and/or obligations of the financial
assistance so contemplated together with any previous such resolutions during the financial year,
exceeds one-tenth of 1% of the company's net worth at the time of the resolution.

In order to give effect to the treasury requirements of the Bidvest Group from time to time, Bidvest
issues guarantees and suretyships to third parties for finance and other facilities granted by those third
parties to Group subsidiary companies.

Accordingly, the Bidvest board has adopted a resolution authorising the Company to provide direct or
indirect financial assistance pursuant to the Suretyship agreement signed with Investec Bank Limited
for the provision of general banking facilities to certain group subsidiary companies to the maximum
value of R800 000 000.00. This Suretyship agreement replaces and supersedes the previous facility of
the same value given by Bidvest.

The board has confirmed that, after considering the reasonably foreseeable financial circumstances of
the Company, it is satisfied that, immediately after providing such financial assistance, the Company
would satisfy the solvency and liquidity test, as contemplated by Section 4 of the Act and that the
terms under which such financial assistance is given are fair and reasonable to the Company.



Date: 3 June 2025

Johannesburg

Sponsor: Investec Bank Limited

Date: 03-06-2025 04:24:00
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.