CIG – renounceable rights offer

CIG shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service (“SENS”) on Friday, 28 October 2016 in respect of the fully-underwritten renounceable rights offer of R750 million (“Rights Offer”) in terms of which CIG will offer a total of 38,860,102 Rights Offer shares (“Rights Offer Shares”) at a price of R19.30 per Rights Offer Share (“Rights Offer Issue Price”) in the ratio of 23.80682 Rights Offer Shares for every 100 existing shares held on the record date for the Rights Offer, being Friday, 11 November 2016. Shareholders are advised that the Rights Offer is unconditional and accordingly the Rights Offer may now be implemented. The salient dates and times of the Rights Offer will be the same as those published in the announcement released on SENS on Friday, 28 October 2016.

Shareholders may commence trading the Rights Offer Shares on Wednesday, 23 November 2016. Further details of the Rights Offer will be set out in the circular to Shareholders (“Rights Offer Circular”) which is expected to be distributed to certificated Shareholders on Thursday, 10 November 2016 and to dematerialised shareholders on Tuesday, 15 November 2016. The Rights Offer Circular will be made available on the Company’s website from Tuesday, 8 November 2016.

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