An Unknown buyer entered into a binding agreement to acquire 50% stake in Barnes Reinforcing Industries (Pty) Limited from Group Five Limited (JSE:GRF) on May 15, 2019. In related transactions, Group Five Limited (JSE:GRF) entered into binding agreements to sell 40.1% stake in Intertoll Capital Partners BV, 28.9% stake in Jozi Power, plant & assets not being utilized in the ordinary course of business; and property not being utilized in the ordinary course of business. This transaction is subject to certain conditions. These sales will realize total proceeds of ZAR 709 million. Proceeds received from assets subject to security agreements will be utilized to reduce the relevant secured debt, and the balance of unsecured proceeds has been (or will be) utilized to settle working capital requirements.