UNIVERSAL PARTNERS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 138035 C1/GBL)
SEM share code: UPL.N0000
JSE share code: UPL
ISIN: MU0526N00007
(“Universal Partners” or “the Company”)


FINALISATION ANNOUNCEMENT PERTAINING TO THE MANDATORY OFFER TO UNIVERSAL PARTNERS
SHAREHOLDERS


Universal Partners shareholders and the general public are referred to the announcement released by the
Company on 6 May 2022 on the website of the Stock Exchange of Mauritius Ltd (“SEM”) and the Stock
Exchange News Service of the JSE Limited (“JSE”), and to the offer document issued on the same date by
Glenrock Lux PE No1 SCSp, Glenrock Lux PE No2 SCSp and Glenrock International Limited (collectively
referred to as the “Offerors”) to the Universal Partners shareholders, in terms of Rule 33(1)(c) of the
Mauritian Securities (Takeover) Rules 2010 (the “Takeover Rules”) with regard to the mandatory offer
(the “Offer”), together with the announcement released by the Company on 25 May 2022 with regard to
the posting of the reply document in this regard.

Shareholders holding Universal Partners shares on the South African register (“SA register”) will receive
the Offer consideration of ZAR 18.63 per share in South African Rand (“ZAR”) whilst shareholders holding
their Universal Partners shares on the Mauritian register will receive the Offer consideration in Pound
Sterling (“GBP”) converted at an exchange rate of GBP 1.00:ZAR 19.3856, being GBP 0.96102 per share,
determined at the prevailing exchange rate on 3 June 2022.

The salient dates and times with regard to the Offer are as follows:

 Release of finalisation announcement published on SENS and SEM website                    6 June 2022
 Last day to trade in Universal Partners Shares for shareholders on the SA
                                                                                          13 June 2022
 register in order to participate in the Offer
 Last day to trade in Universal Partners Shares for shareholders on the
                                                                                          14 June 2022
 Mauritian register in order to participate in the Offer
 Universal Partners Shares trade “ex” the Offer on the SA register                        14 June 2022
 Universal Partners Shares trade “ex” the Offer on the Mauritian register                 15 June 2022
 Offer closes at 12:00 (SA time) or 14:00 (Mauritian time) on (Closing Date)              17 June 2022
 Results of Offer announced on SENS and the SEM website                                   20 June 2022
 Transfer of shares (to one or more Offerors) on the Crossing Board of the SEM
                                                                                          22 June 2022
 and the JSE on
 Offer Consideration credited to Universal Partners Mauritian shareholders’
                                                                                          27 June 2022
 bank accounts by their respective brokers on or before
 Offer Consideration credited to dematerialised SA shareholders’ accounts at
                                                                                          27 June 2022
 their CSDP or broker on or before
 Offer Consideration transferred to certificated SA Shareholders (subject to
 receipt by Universal Partners’ SA transfer secretaries of documents of title on          27 June 2022
 or prior to 12:00 (SA time) / 14:00 (Mauritian time)
Universal Partners has its primary listing on the Official Market of the SEM and a secondary listing on the
Alternative Exchange of the JSE.

By order of the Board
6 June 2022

For further information please contact:

                                       SEM Authorised Representative
          JSE Sponsor                                                                  Company Secretary
                                               and Sponsor




     Tel: +27 11 722 3050                     Tel: +230 402 0890
                                                                                       Tel: +230 403 0800

This notice is issued pursuant to the SEM Listing Rule 11.3 and the JSE Listings Requirements. The Board of Universal
Partners accepts full responsibility for the accuracy of the information contained in this announcement.