» Results of the Rights Offer

Results of the Rights Offer

Posted on: 19 November 2012


Shareholders are referred to the rights offer to NEPI shareholders which closed on Monday, 12 November 2012 in respect of pre-emptive rights holders registered in Romania and Friday, 16 November 2012 in respect of shareholders on the SA and UK share registers (“the rights offer”). Shareholders are advised that in respect of the 12 345 680 NEPI shares (“new NEPI shares” or “rights offer shares”) which were offered, shareholders and/or their renouncees applied for a total of 27 358 903 new NEPI shares (222% of the new NEPI shares available under the rights offer).

The applications included excess applications for 15 088 687 new NEPI shares, of which 75 464 new NEPI shares will be allocated equitably, taking cognisance of the number of shares and rights held by the shareholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess shares applied for by such shareholder.

The date of commencement of trading of the new NEPI shares on the JSE was Tuesday, 13 November 2012 and on the London Stock Exchange and the Bucharest Stock Exchange is Tuesday, 20 November 2012.

Dematerialised shareholders on the SA share register who have subscribed for rights offer shares will have their accounts debited and updated by their CSDP/broker on Tuesday, 20 November 2012. Certificated shareholders on the SA share register who have subscribed for rights offer shares will have certificates posted to them on Wednesday, 21 November 2012.

Dematerialised shareholders on the SA share register who applied for excess rights offer shares will have the excess shares allocated to them debited to their accounts by their CSDP/broker on Wednesday, 21 November 2012. Certificated shareholders on the SA share register who applied for excess rights offer shares will have certificates and/or refund cheques posted to them on or about Wednesday, 21 November 2012.

For shareholders on the UK share register, it is expected that the new NEPI shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. UK time, Tuesday, 20 November 2012, and that share certificates in respect of new NEPI shares in certificated form will be despatched to shareholders on or about Wednesday, 21 November 2012.

For shareholders on the UK share register, who have applied for excess rights offer shares, it is expected that the excess rights offer shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 am UK time on Wednesday, 21 November 2012 and that share certificates in respect of excess rights offer shares in certificated form will be despatched to shareholders on or about Wednesday, 21 November 2012.

For pre-emptive rights holders registered in Romania who have exercised their rights, new NEPI shares will be credited to the global accounts of the brokers/custodians, where the pre-emptive rights holders have their individual accounts, on Tuesday, 20 November 2012.

For pre-emptive rights holders registered in Romania who have subscribed for excess rights offer shares, excess rights offer shares will be credited to the global accounts of the brokers/custodians, where the pre-emptive rights holders have their individual accounts, on Wednesday, 21 November 2012.

Following the issue of the 12 345 680 new NEPI shares, the total issued share capital of the company will increase to 144 012 152 ordinary shares.

Therefore, the total number of voting rights in NEPI is 144 012 152 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, NEPI under the UK Financial Services Authority's Disclosure and Transparency Rules. All terms defined in the circular to NEPI shareholders in respect of the rights offer, dispatched on 29 October 2012 shall have the same meaning in this announcement.