ELB GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1930/002553/06
ISIN: ZAE000035101
JSE Code: ELR
("ELB" or "the Company")

FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEME AND DELISTING OF ELB

ELB Shareholders are referred to the Circular and the Supplementary Circular issued on 14 August 2020 and 27 November 2020, respectively. Using the terms defined therein, Shareholders are advised that all remaining Scheme Conditions Precedent have now been fulfilled or, where applicable, waived, and that the Scheme has, accordingly, become unconditional with effect from Monday, 18 January 2021 and will proceed to implementation.

This short-form announcement is the responsibility of the Board and Independent Board of ELB. Shareholders are advised that this short-form announcement represents a summary of the information contained in the full finalisation announcement published on SENS on 18 January 2021 and is available on the ELB website (https://www.elb.co.za/investor-relations-2/).

The full finalisation announcement is also available for inspection to Shareholders and investors at no charge, during normal business hours at the physical offices of the Company, as well as the offices of the Transfer Secretaries, being Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196. Shareholders and investors are encouraged to consider the full finalisation announcement before making any investment decisions.

Johannesburg
18 January 2021

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