SNT - Santam Limited - Fairness Opinion for the acquisition by Santam of an
SNT
SNT
SNT - Santam Limited - Fairness Opinion for the acquisition by Santam of an
effective 26.34% of the issued share capital in Indwe Broker Holdings Group
Limited ("The Transaction")
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1918/001680/06)
Share Code: SNT
ISIN: ZAE000093779
("Santam")
FAIRNESS OPINION FOR THE ACQUISITION BY SANTAM OF AN EFFECTIVE 26.34% OF THE
ISSUED SHARE CAPITAL IN INDWE BROKER HOLDINGS GROUP LIMITED ("THE TRANSACTION")
Further to the terms announcement published by Santam on the Securities Exchange
News Service on 28 June 2010, the JSE Limited has approved the fairness opinion
provided by One Capital Advisory (Proprietary) Limited ("One Capital") to
Santam. One Capital has found the terms of the Transaction to be fair to the
shareholders of Santam.
The fairness opinion will lie open for inspection for 28 days from the date of
this announcement at Santam`s registered office, being 1 Sportica Crescent,
Tyger Valley, Bellville, 7530.
Bellville
12 November 2010
Sponsor
Investec Bank Limited
Independent Expert
One Capital
Date: 12/11/2010 09:50:01 Produced by the JSE SENS Department.
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