Published: 22 July 2014

Further to the cautionary statement published on 3 July 2014, the Directors of Hunyani Holdings Limited wish to advise shareholders that they have received notice that Nampak Limited proposes to expand its investment in the packaging sector in Zimbabwe.

Nampak Limited therefore proposes to consolidate its existing business interests in Zimbabwe through the merger of Hunyani Holdings Limited, CarnaudMetalbox Zimbabwe Limited and MegaPak Zimbabwe (Private) Limited into one business entity, to be named Nampak Zimbabwe Limited.

The transaction is based on the acquisition of the entire issued share capital of CarnaudMetalbox Zimbabwe Limited and MegaPak Zimbabwe (Private) Limited in exchange for the issue of new shares in Hunyani Holdings Limited to both companies' respective shareholders. The transaction will require approval from shareholders at an Extraordinary General Meeting ("EGM").

The requisite EGM notice and circular will be sent to the Company's shareholders in due course. The proposal is subject to all applicable regulatory approvals being met.

This transaction may have a material impact on the value of the Company's shares and shareholders are requested to exercise caution when trading their shares.
- HUNY

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