An unknown buyer entered into a binding agreement to acquire 28.9% stake in Jozi Power Limited from Group Five Limited (JSE:GRF) on May 15, 2019. Group Five Limited will realize total proceeds of ZAR 709 million, with the sale of Intertoll Capital Partners, Barnes Reinforcing Industries, Jozi Power and property assets being subject to conditions precedent in order for the disposals to be concluded. In a related transaction, An unknown buyer entered into a binding agreement to acquire 40.1% stake in Intertoll Capital Partners from Group Five Limited on May 15, 2019. 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. An unknown cancelled the acquisition of 28.9% stake in Jozi Power Limited from Group Five Limited (JSE:GRF) on May 15, 2020.