Description of Activities

Description of transaction: The proposed transaction concerns the acquisition by Johannes Christiaan Kotze (Jnr) of the entire members’ interest in Ausspann Plaza Investments Number Three CC from Johannes Christiaan Kotze (Snr), pursuant to a Memorandum of Agreement entered into between the merging parties.

Acquiring group: The primary acquiring undertaking is Johannes Christiaan Kotze (Jnr), a Namibian citizen. The merger filing indicates that the primary acquiring undertaking exercises joint control over J.C. Kotze Safaris CC and J.C. Kotze Investment Holdings (Pty) Ltd. J.C. Kotze Safaris CC is principally engaged in livestock farming and safari activities, while J.C. Kotze Investment Holdings (Pty) Ltd is principally engaged in investment holding activities. Both entities are incorporated in Namibia.

Target undertaking: The primary target undertaking is Ausspann Plaza Investments Number Three CC, a close corporation duly incorporated and registered under the laws of the Republic of Namibia. The target undertaking is principally engaged in property holding and rental activities. It is the registered owner of Section No. 3, Ausspann Plaza, the property forming the subject matter of the proposed transaction, which is zoned for business use.

Relevant market: The relevant market for the transaction is the market for properties zoned for commercial or business use within the Windhoek municipal area.

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