Imbalie Beauty : Distribution of circular and notice of general meeting

Imbalie Beauty Limited

(Incorporated in the Republic of South Africa) (Registration number 2003/025374/06)

JSE code: ILE

ISIN: ZAE000165239

("Imbalie Beauty" or "the Company")

Distribution of circular and notice of general meeting

Shareholders are advised that a circular regarding a share consolidation, an increase in authorised share capital, a company name change, changes to the board of directors, approval of non-executive directors remuneration and notice of a general meeting, was distributed to shareholders today.

The proposed terms of the Share Consolidation are to consolidate the authorised and issued share capital on a 1 for 100 basis, meaning that every one hundred no par value shares will be consolidated into 1 no par value share. As required by the JSE, the Company will apply the rounding principle that a Shareholder becoming entitled to a fraction of a share arising from the Share Consolidation will be rounded down to the nearest whole number, resulting in the allocation of whole Imbalie Beauty shares and a cash payment for the fraction. The value of such cash payment will be determined as the weighted average traded price for the last day to trade plus one day, less 10% per share. An announcement of the cash payment value will be released on the record date, minus one day.

The name Buka Investments Limited has been reserved with CIPC. The short name will be Buka and the instrument alpha code will be BKI.

The salient dates are as follows:

Action	2022
Record date to determine which Imbalie Beauty Shareholders are entitled to receive the Circular incorporating the Notice of General Meeting	Friday, 1 April
Circular disseminated to Imbalie Beauty Shareholders	Monday, 11 April
Announcement relating to the issue of the circular released on SENS on	Monday, 11 April
Last date to trade in order to participate and vote at the General Meeting	Tuesday, 10 May
Record date to participate and vote at the General Meeting	Friday, 13 May
Last day to lodge forms of proxy for the General Meeting, for administrative purposes by 10:00 on	Tuesday, 17 May
General Meeting to be held at 10:00 on	Wednesday, 18 May
Results of the General Meeting released on SENS on	Wednesday, 18 May
Expected date of special resolutions registered by CIPC	Thursday, 2 June
Publication of finalisation information on SENS for Share Consolidation and name change	Thursday, 2 June
Last day to trade in existing shares on the JSE prior to the Consolidation and name change under the old ISIN ZAE000165239	Monday, 13 June
Expected start date of trading in Consolidated shares under the new ISIN ZAE000309118 and new company name	Tuesday, 14 June
Announcement released on SENS in respect of the cash payment applicable to fractional entitlements, less 10%, by 11:00	Wednesday, 15 June
Expected record date for the consolidation and name change at the close of business on	Friday, 17 June
Expected date that accounts of dematerialised Shareholders at their CSDP or broker will be updated and will receive fraction allocation payments	Monday, 20 June
Expected date of issue of new replacement share certificates, provided that the old share certificates have been lodged by 12:00 on the record date, on or about (share certificates received after this time will be posted to Shareholders within five business days of receipt)	Monday, 20 June
Notes:

• 1. All times referred to in the Circular are local times in South Africa.

• 2. Any variation of the above dates and times will be approved by the JSE and released on SENS.

• 3. Shareholders should note that, as transactions in Shares are settled in the electronic settlement system used by Strate, settlement of trades takes place three Business Days after such trade. Therefore, persons who acquire Shares after the last day to trade in order to be eligible to vote at the General Meeting, namely, Tuesday, 10 May 2022, will not be able to vote at the General Meeting.

• 4. A Shareholder may submit the form of proxy at any time before the commencement of the General Meeting (or any adjournment of the General Meeting).

• 5. If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial General Meeting will remain valid in respect of any such adjournment or postponement.

• 6. Share certificates may not be dematerialised or rematerialised after the last day to trade Shares prior

• to the Change of Company Name, being Tuesday, 14 June 2022.

11 April 2022

Woodmead

Designated adviser Exchange Sponsors