Fulfilment of the conditions precedent in respect of the share purchase agreement between IA Bell & Company (Pty)Ltd

Fulfilment of the conditions precedent in respect of the share purchase agreement between IA Bell & Company (Pty)Ltd

Bell Equipment Limited
Incorporated in the Republic of South Africa
(Registration number 1968/013656/06)
Share code: BEL ISIN: ZAE000028304
("Bell" or "the Company")


FULFILMENT OF THE CONDITIONS PRECEDENT IN RESPECT OF THE SHARE PURCHASE
AGREEMENT BETWEEN I A BELL & COMPANY (PTY) LTD ("I A BELL") AND JOHN DEERE
CONSTRUCTION & FORESTRY COMPANY ("JOHN DEERE")


Shareholders are referred to the announcement released on SENS on 6 November 2020 confirming the
conclusion of a formal binding agreement for the acquisition by I A Bell of John Deere's shareholding in
the Company ("the John Deere transaction") subject to certain conditions precedent.

Shareholders are advised that on 15 September 2021 the Company received formal notification from I A
Bell of the fulfilment of the conditions precedent in respect of the John Deere transaction. The Company
will comply with the JSE Listings Requirements and the Takeover Regulations Panel requirements on
receipt of the notification by I A Bell of the increase in its shareholding once the closing of the John Deere
transaction has taken place.

Richards Bay
15 September 2021

Sponsor
Investec Bank Limited

Date: 15-09-2021 05:30:00
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