ZUNGU INVESTMENTS CO. ENDS ANOTHER SUCCESSFUL YEAR CONCLUDING R2 BILLION IN ATTRIBUTABLE DEAL FLOW

Reflecting on the past 12 months, Sandile Zungu, Executive Chairman of Zungu
Investments Co. comments, “in a very tough economic environment, this year our
investment success reaffirms, once more, Zungu Investments Co. as the partner of Choice.”

Buy-Back from Sanlam Private Equity of its 21% shareholding in Zungu Investments Co, making Zungu Investments Co, 97% black owned.

Zungu Investments Co acquires 51% of a R1.8 billion office portfolio from Emira, through a newly established property company, Inani Prop Holdings, together with One Prop. Zungu Investments Co and One Prop will be responsible for the asset management of the portfolio.

Seriti consortium completes the acquisition of the New Largo Thermal Coal Project. Please refer to www.seritiza.com.

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Zungu Investments Co increases its investment in Shuter & Shooter to 95% through a transaction funded by ABSA, making Shuter & Shooter the largest, 100% black‑owned educational publisher in South Africa. Please refer to www.shuters.co.za

Agile Capital completes its R500 million investment programme of Zico Capital II. Please refer to www.agilecapital.co.za.

Zungu Investments Co, forms Zico Capital III with RMB Corvest. Zico Capital III is a R500 million private equity fund to be managed jointly by Zungu Investments Co and RMB Corvest.

Zungu Investments Co disposes of its direct 5% shareholding in the Goldrush Group and retains its significant minority interest though ZIco Capital II.

Zungu Investments Co raises R104 million in debt from RMB.

Advisor to Zungu Investments Co.

For enquiries, please contact +27 11 217 3300