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Wed 3 Aug 2011, 11:23 PGR - Peregrine Holdings Limited - Voluntary announcement regarding
PGR
PGR                                                                             
PGR - Peregrine Holdings Limited - Voluntary announcement regarding             
further restructuring of bee shareholding in peregrine                          
Peregrine Holdings Limited                                                      
(Registration number 1994/006026/06)                                            
JSE code: PGR    ISIN code: ZAE000078127                                        
("Peregrine")                                                                   
VOLUNTARY ANNOUNCEMENT REGARDING FURTHER RESTRUCTURING OF BEE                   
SHAREHOLDING IN PEREGRINE                                                       
Shareholders are referred to the voluntary SENS announcement published          
on 5 April 2011 ("the initial announcement") in which it was announced          
that:                                                                           
*    a new empowerment investment company, Windfall 52 Properties               
    (Proprietary) Limited (which has subsequently changed its name to           
    Nala Empowerment Investment Company (Proprietary) Limited) ("Nala")         
    had acquired the ordinary shares in Rapicorp 59 (Proprietary)               
Limited ("Rapicorp 59");                                                    
*    Nala was in the process of finalising funding for Rapicorp 59 to be        
    able to redeem the preference shares held by both Absa Bank Limited         
    ("Absa") and Vunani Capital (Proprietary) Limited, which funding            
was subsequently raised; and                                                
*    it was the intention for Nala to enter into discussions with the           
    shareholders of Rapicorp 60 (Proprietary) Limited ("Rapicorp 60")           
    to similarly acquire their shareholding in Rapicorp 60 subject to           
Nala, on behalf of Rapicorp 60, being successful in raising                 
    sufficient funding to redeem the preference shares held by Absa.            
Shareholders are advised that:                                                  
1    Rapicorp 60 has been successful in raising sufficient funding to           
redeem the preference shares held by Absa, which preference shares          
    have now been redeemed; and                                                 
2    Nala has acquired the entire ordinary issued share capital of              
    Rapicorp 60.                                                                
Following the implementation of the above transactions, Nala, through           
Rapicorp 59 and Rapicorp 60, will have an indirect interest in 30 054           
419 Peregrine shares.                                                           
Sandton                                                                         
3August 2011                                                                    
Sponsor                                                                         
Java Capital                                                                    
Date: 03/08/2011 11:23:25 Produced by the JSE SENS Department.                  
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