EOH : Closing of the disposal of the Information Services Group

Closing of the disposal of the Information Services Group

EOH HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: EOH ISIN: ZAE000071072
("EOH" or "the Group")


CLOSING OF THE DISPOSAL OF THE INFORMATION SERVICES GROUP


Shareholders are referred to the previous announcements published in respect of the disposal by EOH
Mthombo Proprietary Limited, a wholly-owned subsidiary of EOH, of 100% of the issued shares of
Hoonar Tekwurks Consulting South Africa Proprietary Limited, Managed Integrity Evaluation
Proprietary Limited, Xpert Decision Systems Proprietary Limited and Zenaptix Proprietary Limited
(together "Information Services") to Bachique 842 Proprietary Limited ("the Transaction").

EOH is pleased to confirm that all suspensive conditions to the Transaction have been fulfilled and the
Transaction was successfully concluded on Wednesday, 15 June 2022. EOH has received final cash
proceeds amounting to R422 million (including R25 million in interest).

As part of EOH's deleveraging strategy, the proceeds from the Transaction (net of costs), amounting to
R374 million have been used to reduce the Group's R1.2 billion bridge facility repayable on 1 April
2023.

Subsequent to the closing of Transaction, Group debt is currently R1.33 billion, comprising a R500
million three-year bullet facility and the remaining R833 million bridge facility, after the repayment of
capital from the Information Services disposal proceeds.

The disposal of Information Services represents a significant milestone towards the achievement of a
more sustainable capital structure that will allow EOH flexibility to execute on its long-term growth
strategy.

15 June 2022

Sponsor
Java Capital 

Financial Advisors
Rothschild & Co

Legal Advisor to EOH
Webber Wentzel

Overall strategic and lead advisor to EOH
Rothschild & Co
Date: 15-06-2022 04:15:00
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