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Related Party Transactions – Availability Of Fairness Opinion
Dis-Chem Pharmacies Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/009766/06)
JSE share code: DCP ISIN: ZAE000227831
("Dis-Chem" or "the Company" or "the Group")
RELATED PARTY TRANSACTIONS – AVAILABILITY OF FAIRNESS OPINION
Shareholders are referred to the announcement released on SENS on 25 January 2024 relating to the following
acquisitions by Dis-Chem Distribution Proprietary Limited ("Dis-Chem Distribution" or "Purchaser"), a wholly-
owned subsidiary of Dis-Chem:
100% of the issued share capital and claims in Columbia Falls Properties 7 Proprietary Limited ("Columbia Falls"),
which company's main assets are Erf 848 Halfway House Ext 119 and Erf 592-593 Halfway House Ext 81, situated
at 23 Stag Road, Glen Austin, Midrand, from The Directors Adventures Trust (the "Seller") for an unadjusted
purchase consideration of R478 592 342 ("the Transaction"). Columbia Falls is a rental property company and
houses the Midrand distribution centre as well as the head office premises of Dis-Chem and currently earns a
monthly rental from Dis-Chem.
As set out in the 25 January 2024 announcement, BDO Corporate Finance Proprietary Limited ("BDO") was
appointed by the Company as the independent professional expert and has furnished the Dis-Chem board of
directors with its opinion ("Independent Expert Opinion") confirming that the terms of the Transactions are fair
to Dis-Chem shareholders.
Shareholders are advised that the Independent Expert Opinion has been reviewed and approved by the JSE and
is available for inspection at Dis-Chem's registered office, 23 Stag Road, Midrand, 1685, for a period of 28 days
from the date of this SENS announcement.
Shareholders are further advised that the report is available on the Company's website at
https://dischemgroup.com/investors/sens/ for a period of 28 days from the date of this SENS announcement.
Midrand
02 February 2024
N Lumley
Company Secretary
Sponsor
The Standard Bank of South Africa Limited
Independent Expert
BDO Corporate Finance
Date: 02-02-2024 02:15:00
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