Enhanced Investments - Financial Portal

Voluntary announcement – investment update

Published: 2023-12-18 08:06:08 ET

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
(“Sabcap”)

VOLUNTARY ANNOUNCEMENT – INVESTMENT UPDATE

Sabcap wishes to advise shareholders as follows:

1. Sabcap’s holding in Masimong Group Holdings (Pty) Ltd has been reduced from 10% to 9%, resulting
   in a receipt of R51m after a Masimong group capital restructure eliminating a class of bank-owned
   preference shares.

2. Subject to certain suspensive conditions, Sabcap’s interest in Sunspray Food Ingredients (Pty) Ltd
   (previously held through Famdeen Investments (Pty) Ltd) will reduce from 27,67% to 11,1%, which
   will be held directly through Sunspray Solutions (Pty) Ltd and which is expected to result in an initial
   receipt by Sabcap of approximately R80,9m in February 2024, subject to top up adjustment
   provisions over three years.

3. Sabcap has acquired an indirect holding in Versofy (Pty) Ltd, through its 12,5% interest in a
   consortium which has purchased an initial 30% of Versofy. Versofy is one of the largest home and
   SME solar installation and power solutions groups in South Africa, offering Solar as a Service (SAAS)
   and rent to buy (RTB) solutions. Sabcap has provided initial guarantees of R15m and funding of
   R16,5m, which amounts may vary as the deal terms are implemented.

Sandton
18 December 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.