Public and private M&A

Representation of Harith InfraCo Ltd in relation to the acquisition of interests in a significant infrastructure portfolio of assets, including a 37.924% interest in Aldwych Holdings Ltd, an indirect interest of approximately 27.01% in Community Investment Ventures Holdings (Pty) Ltd and a 37.5% interest in Lanseria Holdings (Pty) Ltd, as well as various South African and African infrastructure assets, for approximately ZAR 6.95 billion.

Representation of Castleview Property Fund Ltd in relation to its acquisition of an indirect exposure and a direct exposure to SA Corporate Real Estate Ltd for approximately ZAR 350.6 million.

Representation of eMedia Holdings Ltd in relation to the issue of 18,310,630 EMH N shares at a subscription price of ZAR 59,509,547.50 and the acquisition of 17,730,595 ordinary shares in eMedia Investments from Venfin in exchange for 220,162,315 EMH N shares valued at ZAR 715,527,523.75.

Representation of Absa Bank Ltd in relation to the repurchase of all of its non-redeemable, non-cumulative, non-participating preference shares by way of a scheme of arrangement for ZAR 4,598,700,270.

Representation of Hosken Consolidated Investments Ltd and its wholly owned subsidiary Squirewood (Pty) Ltd in a series of transactions comprising Squirewood's purchase of 1,100,000 HCI shares from SACTWU for ZAR 144,100,000, HCI's disposal of shares in and shareholder loan claims against three wholly owned subsidiaries for ZAR 549,724,863 and SACTWU's subscription for shares in Squirewood for ZAR 888,755,872, for an aggregate transaction value of approximately ZAR 1,582,580,735.

Representation of Mironetix, Folkes Holdings and Regional Mall Properties in relation to the sale by the seller of all of its shares in Curagen Investments (Pty) Ltd to the purchasers, who are each existing shareholders of the company.

Representation of K2023126730 (South Africa) (Pty) Ltd in relation to the acquisition of all of the shares in and certain claims against Kenilworth Racing (Pty) Ltd from the seller.

Representation of International Resources Holding in relation to its acquisition of 56% of the shares in Alphamin Resources Corp from Tremont Master Holdings for approximately US$ 367 million.

Representation of Hosken Consolidated Investments Ltd in relation to its acquisition of control of Paarl Vallei Bottling.

Representation of Castleview Property Fund Ltd in relation to the disposal of derivatives with underlying SA Corporate Real Estate Ltd shares for approximately ZAR 225.8 million and the acquisition of a further direct holding of 274,680,608 SA Corporate Real Estate Ltd shares for an aggregate purchase consideration of approximately ZAR 756.9 million.

Representation of Tsogo Sun Alternative Gaming Invest 1 (Pty) Ltd in relation to its sale of all of the shares in and claims it has in and against One Vision Investments 451 (Pty) Ltd to Adistra Properties Close Corporation.

Representation of Tsogo Sun Ltd and Tsogo Sun Treasury (Pty) Ltd in relation to the disposal of their shares in and claims against Goldfields Casino and Entertainment Centre (Pty) Ltd to Hollywood Sportsbook Holdings (Pty) Ltd.

Representation of Emira Property Fund Ltd and Compass 555 (Pty) Ltd, a subsidiary of Castleview Property Fund Ltd, in relation to the acquisition of 50% of the shares in Inani Prop Holdings (Pty) Ltd from Zungu Investments Company (Pty) Ltd and Boyno Trade and Invest (Pty) Ltd.

Representation of Permasolve Investments (Pty) Ltd, a subsidiary of Hosken Consolidated Investments Ltd, in relation to the disposal of the rental enterprise trading as The Point Centre for approximately ZAR 943 million.

Representation of Deneb Investments Ltd in relation to the acquisition of an 80% shareholding in Dawning Manufacturing KZN (Pty) Ltd t/a Dawning Filters for approximately ZAR 80 million.

Representation of Hosken Consolidated Investments Ltd in relation to a repurchase of shares for approximately ZAR 647,266,191.

Representation of enX Group Ltd in relation to the disposal of its fleet management business through the disposal of Eqstra Investment Holdings (Pty) Ltd to Nedbank Group Ltd by way of a linked, indivisible and sequential implementation of a subscription for newly issued ordinary shares in Eqstra and a repurchase of all the shares held by enX in Eqstra, for approximately ZAR 1.045 billion.

Representation of Emira Property Fund Ltd in relation to the subscription for shares and linked loan notes in DL Invest, for a total subscription value of EUR 100 million.

Representation of Hosken Consolidated Investments Ltd, through its Jersey subsidiary, in relation to the acquisition of shares held by 18 different shareholders in Impact Oil and Gas Ltd pursuant to the exercise of options against the company for approximately GBP 25,166,550 / ZAR 590 million.

Representation of FPG Property Fund (Pty) Ltd in relation to the acquisition of a portfolio of properties from Shoprite Checkers (Pty) Ltd, comprising the Sandown Centre and the Sitari Village Shopping Centre, for aggregate consideration of approximately ZAR 544 million.

Representation of U Reit Collins (Pty) Ltd, a subsidiary of Castleview Property Fund Ltd, in relation to the disposal of its controlling shareholding in Collins Property Projects (Pty) Ltd to Collins Property Group Ltd in exchange for the issue of 72,751,197 Collins Property Group Ltd shares, with a transaction value of approximately ZAR 992,000,681.

Representation of Hosken Consolidated Investments Ltd, through its wholly owned subsidiary Deepkloof Ltd, in relation to subscriptions for shares in Impact Oil and Gas Ltd for an aggregate subscription price of approximately US$ 68.3 million.

Representation of FPG Holdings (Pty) Ltd in relation to the acquisition of the rental enterprise known as the Drakenstein Centre in Paarl, South Africa from Shoprite Checkers (Pty) Ltd for approximately ZAR 201,358,000.

Representation of Sport Gaming Africa (Pty) Ltd, a subsidiary of Tsogo Sun Gaming Ltd, in relation to the disposal of its shares in and claims against Bet Gauteng (Pty) Ltd.

Representation of Capricorn Capital Partners (Pty) Ltd and Eric Ellerine Trust (Pty) Ltd in relation to the repurchase by EPP NV of their shareholding in EPP NV through a combination of cash and shares in, and claims against, a Polish property company holding real estate in Poland.

Representation of Maitlantic 10 (Pty) Ltd and Clearance Cantara Master Fund Limited on the acquisition of control of Emira Property Fund Ltd for ZAR 3.2 billion.

Representation of Hosken Consolidated Investments Ltd and Niveus Investments Ltd on the restructure and disposal of its entire alternative gambling and betting business to Tsogo Sun Holdings Ltd for approximately ZAR 4 billion.

Representation of Tsogo Sun Gaming Ltd and Southern Sun Limited in relation to the corporate separation of the two entities, the termination of management agreements and the subsequent acquisition by Southern Sun Ltd of two hotels from Tsogo Sun Gaming Ltd.

Representation of Deepkloof Limited in relation to its acquisition of an ultimate 51% interest in Africa Energy Corp. through various transactions.

Representation of Southern Sun Ltd in relation to the disposal of its interest in Southern Sun Ikoyi (the owner of its Nigerian hotel) to Kasada Hospitality Fund LP, for approximately US$ 30.4 million.

Representation of Truworths International Limited on the acquisition of The Office retail business in the United Kingdom for ZAR 5.5 billion.

Representation of Main Street 1549 in relation to the acquisition of a 90% participation interest in Block 11B/12B, offshore South Africa from TotalEnergies, Qatar Energy, and Canadian Natural Resources.

Representation of Africa Energy Corp. in relation to the acquisition of all of the shares in Main Street 1549 in exchange for a 25% participating interest in Block 11B/12B, offshore South Africa.

Representation of I Group Consolidated Holdings (Pty) Ltd in relation to the delisting of EPP NV and offer by Redefine Properties Ltd to shareholders of EPP, a subsequent share swap transaction for shares in a portfolio of properties situated in Poland and the acquisition of further shares in such portfolio with an aggregate value of approximately EUR100 million.

Representation of Tsogo Sun Gaming Ltd in relation to its acquisition of all of the shares in and claims against Emerald Safari Resort and Casino from existing shareholders, including Metropolitan Gaming.

Representation of Tsogo Sun Hotels Ltd (now Southern Sun Limited) in relation to its offer to all other shareholders of Hospitality Property Fund Ltd in share swap transactions, pursuant to which Hospitality Property Fund Ltd was delisted from the JSE.

Representation of IOG Energies Limited, owned by Deepkloof Limited, in relation to its acquisition of Impact Africa Limited ("IAL") from Meren Energy Inc and Impact Oil and Gas Ltd, including its:

• 45% participating interest in Exploration Right 12/3/252, Transkei & Algoa blocks, offshore the East Coast of South Africa;
• 100% participating interest in Exploration Right 12/3/276, Area 2 block, offshore the East Coast of South Africa (the legal transfer of 10% of this licence is subject to executing a deed of assignment with Silver Wave Energy, IAL's joint venture partner that previously held 10%); and
• 22% participating interest in Exploration Right 12/3/335, Orange Basin Deep block, offshore the West Coast of South Africa.

Representation of Hosken Consolidated Investments Ltd in relation to the disposal of its bus and other passenger transport businesses to La Concorde Holdings Ltd for a purchase consideration of ZAR 2.2 billion.

Representation of KWV Holdings Ltd and KWV South Africa (Pty) Ltd in relation to its disposal of its "KWV" business, including liquor, properties and interests in various local and foreign subsidiaries, to the Vasari Group of companies for an aggregate consideration of ZAR 1.75 billion.

Representation of I Group Consolidated Holdings (Pty) Ltd in its acquisition of a 30% interest in Accelerate Property Fund Ltd.

Representation of Lewis Group Ltd in relation to its acquisition of the "Beares" and "Ellerines" stores (and businesses associated therewith) located in South Africa, Lesotho, Namibia, Botswana and Swaziland from Ellerine Holdings Ltd (in business rescue).

Representation of Ironman Holdings and its subsidiary, Cape Epic (Pty) Ltd, in relation to the acquisition of the Wines2Whales mountain bike business.

Representation of a Hong Kong based group in relation to an acquisition of a major travel business in Sub-Sahara Africa.

Representation of Deneb Investments Ltd in relation to the disposal of its Winelands Textiles business, including all factories, employees and assets.

Representation of Golden Arrow Bus Services (Pty) Ltd in relation to various acquisitions of businesses in the transport industry, including all of the shares of Table Bay Rapid Transport (Pty) Ltd (operating the MyCiti bus transport lines in Cape Town, South Africa), Sibanye Bus Services (Pty) Ltd, Eljosa Bus Services (Pty) Ltd and Alpine Truck and Bus (Pty) Ltd.

Representation of U Reit Collins (Pty) Ltd in relation to the subscription for shares to hold a 25% interest in Collins Property Group (a subsidiary of Tradehold, which is listed on the JSE) for an aggregate consideration of approximately ZAR 833 million.

Advising a shareholder holding 25% of PV Consortium Proprietary Limited in relation to the acquisition by it of the Pearl Valley Golf and Country Estate in Paarl, South Africa.

Advising the developers of the Whale Coast Village Mall on the acquisition of the property and subsequent development of the Mall, with a development budget of approximately ZAR 800 million.

Representation of JPMorgan Securities South Africa Proprietary Limited in relation to its disposal of the shares in and claims against JPMorgan Administration Services Proprietary Limited to Sanlam Investment Holdings Limited and Old Mutual Investment Group (South Africa) Holdings Proprietary Limited.

Equity Capital Markets

Representation of Africa Energy Corp. in relation to the update to its non-brokered private placement of common shares for approximately US$ 13 million.

Representation of the underwriter in relation to Accelerate Property Fund Ltd's rights offer for approximately ZAR 100 million.

Representation of Accelerate Property Fund Ltd and K2016336084 (South Africa) (Pty) Ltd in relation to an underwritten rights offer for approximately ZAR 200 million.

Representation of Montauk Holdings Ltd (MNK) and Montauk Renewables, Inc. (MRI) on MNK's delisting from the JSE, MRI's primary listing on Nasdaq and secondary listing on the JSE and its underwritten primary and secondary IPO.

Representation of Castleview Property Fund Ltd on the acquisition of a significant property portfolio from I Group Consolidated Holdings (Pty) Ltd; and further private placement of shares with an aggregate value of approximately ZAR 6.1 billion.

Representation of Gaia Fibonacci Fibre REIT 1 in relation to its placement and listing of its B preference shares on the Cape Town Stock Exchange.

Representation of Niveus Investments Ltd in relation to its listing on the main board of the JSE.

Representation of Seardel Holdings Ltd in relation to its ZAR 1.3 billion rights offer.

Representation of Emira Property Fund in relation to its delisting and subsequent amalgamation into Emira Property Fund Ltd, as well as its new listing on the main board of the JSE.

Representation of Niveus Investments Limited and Hosken Passenger Logistics and Rail Ltd in relation to the distribution in specie of Niveus shares in' Hosken Passenger Logistics and Rail Ltd, simultaneously with the listing of its shares on the JSE.

Representation of Hosken Consolidated Investments Limited and Niveus Investments Ltd in relation to the scheme of arrangement whereby HCI would acquire for all of the shares in Niveus Investments Ltd from shareholders, followed by a delisting of Niveus' shares on the JSE.

Representation of Seardel Investments Ltd (which became E-Media Holdings Limited) in relation to the acquisition of the e-Media group for approximately ZAR 3.3 billion, and the subsequent unbundling of its shares in Deneb Investments Ltd with a separate listing thereof on the JSE.

Representation of Montauk Holdings Ltd in relation to its listing on the main board of the JSE.

Representation of Hosken Consolidated Investments Ltd in relation to various specific buy-backs of shares.

Agri-business

Representation of Agristar Holdings (Pty) Ltd and Naledi AG in relation to the subscription for shares and advance of loan facilities by British International Investment plc and AdDevCo Ltd into Agristar and Naledi, resulting in British International Investment plc and AdDevCo Ltd becoming significant minority shareholders of the group, with part of the subscription consideration settled by way of a transfer of preference share interests in Jacoma Estates Ltd.

Representation of Agristar Processing in relation to the development of one of the largest macadamia processing factories in the world.

Representation of Marquis Macadamias in relation to the establishment of a joint venture with Marquis Marketing, an Australian nut processing and distribution business, forming the largest tree nut distribution operation globally.

Advising Agristar Holdings in relation to the acquisition of numerous Macadamia farming operations.

Advising the owners of the iconic Klein Constantia wine estate on the disposal of the farm and business associated therewith.

Advising GAIA Venture Capital and GAIA Private Equity on the acquisition of interests in various agri-businesses in Southern Africa, ranging from tree nut farms, blueberries, citrus fruit and avocados.