Hulisani Limited (JSE:HUL) News - Extension of the Longstop Date

HULISANI LIMITED                                   REATILE SOLAR POWER 2 PROPRIETARY LIMITED
Incorporated in the Republic of South Africa       Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)              (Registration number: 2019/313309/07)
Share code: HUL                                    (“Reatile”)
ISIN: ZAE000212072                                 a wholly-owned subsidiary of:
(“Hulisani”)                                       REATILE GROUP PROPRIETARY LIMITED
                                                   Incorporated in the Republic of South
                                                   Africa
                                                   (Registration number: 2003/027219/07)
                                                   (“Reatile Group”)

EXTENSION OF THE LONGSTOP DATE

Introduction

Shareholders are referred to the announcement published on the Stock Exchange News Service (“SENS”)
dated 7 December 2021 entitled “Posting of Circular and Notice convening the General Meeting” (the 7
December Announcement). Shareholders are further referred to the announcement published on SENS
dated 15 February 2022 entitled “Change in salient dates and times”.

The capitalised terms in this announcement bear the same meanings as those contained in the 7 December
Announcement.

Shareholders are advised that not all of the conditions precedent to which the Proposed Transaction is
subject (“the Conditions Precedent”) have been fulfilled or waived as yet. Accordingly, Hulisani, Reatile and
Reatile Group have concluded an addendum to the Offer and Implementation Agreement entered into
between them on or about 9 November 2021 in order to, amongst others, extend the longstop date for the
fulfilment or, where applicable, waiver, of the Conditions Precedent from 28 February 2022 to 29 April 2022.

Responsibility Statements

The Independent Board of Hulisani accepts responsibility for the information contained in this announcement
insofar as it relates to Hulisani. To the best of its knowledge and belief, the information contained in this
announcement is true and the announcement does not omit anything likely to affect the importance of the
information.

The board of directors of Reatile accepts responsibility for the information contained in this announcement
insofar as it relates to Reatile and the Reatile Group. To the best of its knowledge and belief, the information
contained in this announcement is true and the announcement does not omit anything likely to affect the
importance of the information.


28 February 2022
Johannesburg

Corporate advisor and transaction sponsor to Hulisani
Questco Proprietary Limited

Legal advisor to Hulisani
Webber Wentzel Attorneys

Investment bank and corporate advisor to Reatile Group
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal advisor to Reatile Group
Cliffe Dekker Hofmeyr Inc.

Date: 28-02-2022 03:50:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.