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Tue 21 Jan 2020, 9:00 EFFICIENT GROUP LIMITED - EFG : Renewal of Cautionary Announcement
EFG : Renewal of Cautionary Announcement: 
EFFICIENT GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/036947/06)
Share code: EFG    ISIN: ZAE000151841
("Efficient" or "the Company")


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Further to the  Proposed Delisting of Efficient and Cautionary Announcement' dated 29 July 2019 (and using
the terms defined therein unless otherwise stated) and the subsequent renewal of cautionary
announcements, the last of which was dated 4 December 2019, shareholders are hereby advised that
negotiations in respect of the Proposed Transaction are still in progress which, if successfully concluded,
may have a material effect on the price of the Company's securities.

Accordingly, shareholders are advised to continue exercising caution when dealing in Efficient securities,
until a further announcement is made.


Pretoria
21 January 2020

Sponsor to the Efficient Group
Merchantec Capital

Corporate Advisor to the Efficient Group
Bravura Capital

Corporate Advisor to the Efficient Group Independent Board
Merchantec Capital

Date: 21-01-2020 09:00:00
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