Enhanced Investments - Financial Portal

Update to Shareholders

Published: 2022-08-26 10:00:49 ET

                                       CONDUIT CAPITAL LIMITED
                                Incorporated in the Republic of South Africa
                                   (Registration number 1998/017351/06)
                                 Share code: CND       ISIN: ZAE000073128
                                     (“Conduit Capital” or “the Group”)


                                      UPDATE TO SHAREHOLDERS


Further to the announcement released on SENS on 1 August 2022 (and using the terms defined therein
unless otherwise stated herein), the board of directors of Conduit Capital (“Board”) provides the following
update to shareholders.

The underlying performance of the Group’s wholly-owned insurance subsidiaries, being Constantia
Insurance Company Limited (“CICL”), Constantia Life Limited and Constantia Life and Health Assurance
Limited, which had been strong over the 12 months ended 30 June 2022 with preliminary results showing
growth in gross premium income and an improved operating result compared to the previous corresponding
period, continued to produce positive operating results and cash generation in July 2022, prior to the
provisional curatorship and the restriction on new business imposed on CICL on 26 July 2022.

The Board has challenged the decision to place a restriction on new business but to date, the Prudential
Authority and the Financial Services Conduct Authority have been unwilling to entertain this appeal. The
attempt by the provisional curator (“the Curator”) to have the restriction lifted has been to no avail. The full
effect of this restriction on new business is still being determined.

The Board continues to work with the Curator in finding solutions to protect the interests of all stakeholders,
including pursuing interested investors. However, much uncertainty exists and shareholders are advised to
continue to exercise caution when dealing in Conduit Capital securities until a further announcement is
made.


Johannesburg
26 August 2022

Sponsor
Merchantec Capital

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
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.