Kagiso Media - Voluntary Announcement - Change In Shareholding
Kagiso Media Limited
(Incorporated in the Republic of South Africa)
(Reg. No 1957/000036/06)
Share Code: KGM
ISIN: ZAE000014007
("Kagiso Media" or "the Company")
VOLUNTARY ANNOUNCEMENT - CHANGE IN SHAREHOLDING
The Company hereby announces the following Kagiso Media shareholders"
transaction that became unconditional on 10 October 2005.
Kagiso Trust Investments (Proprietary) Limited ("KTI") entered into an agreement
with Videovision Investments (Proprietary) Limited ("Videovision") whereby KTI
offered to purchase 6 558 890 (six million five hundred and fifty eight thousand
eight hundred and ninety) dematerialized ordinary shares from Videovision. This
comprises 4.99% of the entire issued share capital of the Company.
The purchase price, which is payable in cash, was calculated on the basis of
R12,30 (twelve Rand and thirty cents) per share (excluding dividend).
KTI will own, after taking into consideration the transaction as mentioned
above, 48.21% of the issued share capital in the Company. This transaction
forms part of KTI"s long-term strategy to gain outright control of Kagiso Media
and to build the company into a leading black empowerment media house.
By order of the board
Sandton
12 October 2005
Sponsor: Investec Bank Limited
Date: 12/10/2005 05:04:54 PM Produced by the JSE SENS Department
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