Finalisation announcement in respect of the Scheme of Arrangement and delisting

ALVIVA HOLDINGS LIMITED                      
Incorporated in the Republic of South Africa 
(Registration number: 1986/000334/06)          
Share code: AVV ISIN: ZAE000227484 
("Alviva" or the "Company")

FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEME OF ARRANGEMENT AND DELISTING

1.	INTRODUCTION

1.1	Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in 
	the circular dated 23 December 2022 ("the Circular").

1.2	Shareholders of Alviva ("Shareholders") are referred to the Circular, regarding a Scheme of Arrangement in terms of section 114(1)(c), read 
	with section 115, of the Companies Act, proposed by the Alviva Board between Alviva and Alviva Shareholders and the Delisting of all the Alviva 
	Shares from the JSE pursuant to the implementation of the Scheme.

2.	FULFILMENT OF SCHEME CONDITIONS

2.1	Shareholders are advised that all the Scheme Conditions have been fulfilled on 17 February 2023. Accordingly, the Scheme has become unconditional 
	and will be implemented per the dates and times below.

3.	SALIENT DATES AND TIMES

	The salient dates and times in relation to the implementation of the Scheme remain as set out in the Circular. The relevant dates and times are 
	repeated below for ease of reference:

	Scheme Finalisation Date announcement released on SENS									Monday, 20 February 2023
	
	Scheme Finalisation Date announcement to be published in the South African press					Tuesday, 21 February 2023
	
	Scheme last day to trade 												Tuesday, 28 February 2023

	Trading in Alviva Shares on the JSE suspended from commencement of trade on 						Wednesday, 1 March 2023

	Scheme Record Date to be recorded in the Register in order to receive the Scheme Consideration 				Friday, 3 March 2023	

	Scheme Implementation Date 												Monday, 6 March 2023

	Scheme Consideration payment to Dematerialised Alviva Shareholders to take place					Monday, 6 March 2023

	Scheme Consideration payment to Certificated Alviva Shareholders to take place 
	(assuming surrender of Documents of Title and duly completed Forms of Surrender and Transfer)				Monday, 6 March 2023

	Termination of listing of Alviva Shares on the JSE at commencement of trade on 						Tuesday, 7 March 2023


4.	RESPONSIBILITY STATEMENT

4.1	The independent board individually and collectively accepts full responsibility for the accuracy of the information contained in this 
	announcement. In addition, the independent board certifies that to the best of its knowledge and belief, the information contained in this 
	announcement solely pertaining to the Company is true and, where appropriate, does not omit anything that is likely to affect the importance of 
	the information contained herein, and that all reasonable enquiries to ascertain such information have been made.

4.2	The Board of Directors of Alviva accepts responsibility for the information contained in this announcement. To the best of the Board’s knowledge 
	and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the 
	information.

Midrand
20 February 2023

Corporate advisor and transaction sponsor to Alviva: Bravura Capital Proprietary Limited 

Legal advisor to Alviva: Tugendhaft Wapnick Banchetti and Partners

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Legal advisor to the Consortium: Webber Wentzel 

Financial advisor, Bookrunner and Mandated Lead Arranger to the Consortium 
and BidCo: Absa Corporate and Investment Banking, a division of Absa Bank 
Limited

Date: 20-02-2023 12:06:00
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