Imbalie Beauty : Mandatory offer circular

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")

Mandatory Offer circular

Shareholders are referred to the SENS announcements of 13 January 2022 and 7 March 2022. The Mandatory Officer circular, distributed to shareholders on Friday, 4 March 2022 included an offer by B&B Media (Pty) Limited (B&B Media) to acquire all the remaining shares from all the remaining shareholders of Imbalie Beauty for 0.90 cents per share, in terms of section 123 read in conjunction with section 117(1)(c)(iv) of the Companies Act.

The directors of B&B Media, insofar as the information in this SENS announcement relates to B&B Media collectively and individually, accept full responsibility for the accuracy of the information given in this SENS announcement, and certify that, to the best of their knowledge and belief, the information in this SENS announcement is true and correct; and further certify that, the SENS announcement does not omit anything likely to affect the importance of the information disclosed.

The Imbalie Beauty Independent Board, insofar as the information in this SENS announcement relates to Imbalie Beauty collectively and individually, accept full responsibility for the accuracy of the information given in this SENS announcement, and certify that, to the best of their knowledge and belief, the information in this SENS announcement is true and correct; and further certify that, the SENS announcement does not omit anything likely to affect the importance of the information disclosed.

Woodmead

8 March 2022

Designated Adviser

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