TISO BLACKSTAR GROUP SE - Update Regarding Category 1 Transaction

Update Regarding Category 1 Transaction

TISO BLACKSTAR GROUP SE
(Incorporated in England and Wales)
(Registration number SE000110)
(Registered as an external company with limited liability in the Republic of South Africa under registration
number 2011/008274/10)
JSE share code: TBG ISIN: GB00BF37LF46
("Tiso Blackstar" or "the Company")

UPDATE REGARDING CATEGORY 1 TRANSACTION

Shareholders are referred to the Company's SENS announcements, dated 27 June 2019,
29 July 2019 and 10 September 2019, regarding the proposed disposal of Tiso Blackstar's South African media,
broadcasting and content assets, as well as it media, broadcasting and content assets in Ghana, Nigeria and
Kenya and its South African radio assets to Lebashe Investment Group (Pty) Ltd, which constitutes a
category 1 transaction in terms of the JSE Limited Listings Requirements, requiring shareholder approval.

The process to finalise the required circular is well-advanced and Tiso Blackstar now anticipates that the circular
will be distributed to shareholders by no later than 23 September 2019.

London
12 September 2019

Corporate Advisor and Sponsor
PSG Capital

Date: 12/09/2019 05:10:00
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