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Minutes of extraordinary general meeting and information on rights offering

Published: 5 April 2019

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

5 April 2019 – Reference is made to Net1 International Holdings AS (“Net1”) announcement on 29 March 2019. Net1 has today held the extraordinary general meeting (“EGM”) to approve amongst other proposals the NOK 217,500,000 (which with a USD/ NOK fx rate equals USD 25 million) Rights Offering. All resolutions were made in accordance with the proposals set out in the EGM notice. Please find the minutes from the EGM attached.

Key information on the Rights Offering:

Date on which the terms and conditions of the Rights Offering were announced: 29 March 2019

Last day including rights: 28 March 2019

Ex-date: 29 March 2019

Record Date: 1 April 2019

Date of approval: 5 April 2019

Number of Offer Shares: 241,666,667

Subscription Price: NOK 0.90

Payment Date: Expected on or about 29 April 2019 (subject to change).

Will the rights be listed: On OTC

The shareholders of Net1 as of 28 March 2019 (as registered with the Norwegian Central Securities Depository on the Record Date) plus Sampoerna AGRI Resources Pte. Ltd and Polaris Mobile Pte. Ltd., (collectively the “Existing Shareholders”) will be granted subscription rights in the Rights Offering that, subject to applicable law, provide preferential rights to subscribe for, and be allocated, Offer Shares at the Subscription Price. The subscription period for the rights offering commences at 09:00 (CET) on 10 April 2019 and ends at 16:30 (CET) on 24 April 2019. Net1 has sent a letter to the Existing Shareholders with further information on the Rights Offering.

For further information about Net1, the Rights Offering and the other transactions described in the EGM minutes, please see the EGM minutes, and the updated company presentation, the term sheet, the letter to the Existing Shareholders and the subscription form which will be made available on Net1’s webpage shortly.

ENDS

For further information, please contact:

Investors: Amit Vithlani at email: cfo@net1.international

Media: Endre Aaberg Johansen at Corporate Communications AS: tel +47 41 61 06 05, email: endre.johansen@corpcom.no

Attachment: Minutes of extraordinary general meeting

To access investor presentation, term sheet, subscription form and additional investor information, please follow this linkhttp://paretosec.com/corp/net1internationalholdings/

 

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