SOUTHERN VIEW FINANCE LIMITED – REPORTS ON RECENT SIGNIFICANT DEVELOPMENTS

Hamilton, Bermuda – 6 November, 2015 – In a filing with the Bermuda Stock Exchange (“BSX”), Southern View Finance Ltd. (the “Company” or “SVF”; Ticker: SVF.BH) today reported on recent significant developments. The filing stated:

 SOUTHERN VIEW FINANCE LIMITED – SUSPENSION AND TERMINATION OF LISTING OF CLASS B SHARES POST SUCCESSFUL IMPLEMENTATION OF MATERIAL TRANSACTION, CHANGES TO THE SVF BOARD OF DIRECTORS, SUSPENSION OF LISTING OF CLASS A SHARES AND CHANGE OF JSE SPONSOR

Shareholders are referred to the announcement released by SVF on 1 October 2015 (“1 October Announcement”), regarding the material agreements (“Transaction Agreements”) concluded between the Company, Fulcrum Financial Services SA and the shareholders of SVF having become unconditional.

Terms defined in the 1 October Announcement shall bear the same meaning in this announcement.

1           SUSPENSION AND TERMINATION OF LISTING OF CLASS B SHARES ON THE BSX AND ALTX

SVF is pleased to advise of the successful implementation of the transactions comprising the subject of the Transaction Agreements. As a result, and in compliance with the requirements of JSE Limited (“JSE”) and Strate Proprietary Limited, the electronic settlement and custody settlement system operated by the JSE, the listing of the Class B shares on the Alternative Exchange (“AltX”) will be terminated with effect from Monday, 16 November 2015, as follows:

The Class B shares were terminated on the Bermuda Stock Exchange (“BSX”) with effect from Thursday, 5 November 2015.

2           CHANGES TO THE SVF BOARD OF DIRECTORS

Consequent to the successful implementation of the transactions comprising the subject of the Transaction Agreements and in accordance with SVF’s bye-laws, the Listing Regulations of the BSX, and the Listings Requirements of the JSE, shareholders are advised of the following changes to the board of directors (the “Board”) of the Company, with effect from Tuesday, 3 November 2015:

-    the resignations of Messrs Hermanus Roelof Willem Troskie, Hendrik van der Merwe Scholtz and Samuel Sithole,  as executive directors; and 

-    the appointment of:

−      Ms Alison Callister, as a non-executive director.

Ms Callister is a Chartered Accountant and Chartered Tax Advisor, having worked for both KPMG and Ernst and Young in the United Kingdom. In 1999, she joined Lawfords Limited based in the Isle of Man and in 2000, Ms Callister became a director of the company, where she spent 8 years playing a key role in strategic operations. In mid-2008, Lawfords was acquired by a large trust company and, following a successful integration, Ms Callister left the group in January 2010, whereafter she set up Kelladale Limited.

−      Mr Daniel Romburgh, as an executive director.

Mr Romburgh has vast experience as an executive of fund advisories and in the administration of investment funds. He was previously a director of Caledonian Fund Services (South Africa) (Pty) Limited. His responsibilities included internal and outward management of an international fund administration and accounting service provider. He was previously appointed as accounts manager at Beacon Fund Administrators (Pty) Limited. Mr Romburgh has served on the boards of a number of listed companies.

Messrs James Robert Bareham, James Keyes and Gregory Toloram will each remain as non-executive directors on the Board.

3           SUSPENSION OF LISTING OF CLASS A SHARES ON THE ALTX

Subsequent to the successful implementation of the transactions comprising the subject of the Transaction Agreements, the Company consists of cash due to it having disposed of all of its businesses. SVF therefore no longer satisfies the conditions for listing set out in the JSE Listings Requirements. Consequently the listing of the Class A shares on the AltX will be suspended with effect from Monday, 9 November 2015.

The JSE has granted SVF until April 2016 to enter into an agreement(s), and make an announcement, relating to the acquisition of a viable asset(s) that satisfies the conditions for listing set out in the JSE Listings Requirements, failing which the Company’s listing on the AltX will be removed.

SVF has a primary listing on the BSX and a secondary listing on the AltX.

4        CHANGE OF JSE SPONSOR

Consequent to the change in shareholders and reconstitution of the Board, shareholders are advised that Bravura Capital Proprietary Limited has replaced KPMG Services Proprietary Limited as JSE Sponsor to the Company with effect from Tuesday, 3 November 2015.

6 November 2015

Hamilton/Johannesburg

BSX sponsor: Global Custody and Clearing Limited

JSE sponsor: Bravura Capital Proprietary Limited

SOUTHERN VIEW FINANCE LIMITED

(Incorporated in Bermuda with registration number 47305)

Class A share codes: BSX: SVF.BH           JSE: SVF       ISIN: BMG829251013

("SVF" or "the Company")

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