By EFFICIENT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/036947/06) Share Code: EFG ISIN: ZAE 000151841
("the company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on SENS on 16 November 2012 and are advised that Efficient has entered into a non-binding Memorandum of Understanding
("MOU") with Thebe Investment Corporation (Proprietary) Limited ("TIC") regarding the possible
acquisition by Efficient of TIC's 74.9% shareholding in Thebe Stockbroking (Proprietary) Limited
("Thebe Stockbroking") (the "transaction"). The MOU allows for Efficient to conduct a due diligence investigation into Thebe Stockbroking prior to the conclusion of formal binding legal agreements in respect of a transaction, at which time a detailed announcement containing the full terms of the transaction will be announced. Accordingly shareholders are advised to continue to exercise caution when dealing in their securities in the company until a further announcement is made.
3 January 2013
{E65/00113998.DOCX/ANNOUNCE/AH}
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