Summit Private Equity Fund Partnership entered into an agreement to acquire 15.04% stake in Efficient Group Limited from an existing shareholder on October 5, 2020. In related transactions, Summit Private Equity Fund Partnership entered into an agreement to acquire 21.1% stake in Efficient Group Limited from Sasfin Wealth Proprietary Limited and entered into an agreement to acquire 1.25% stake in Efficient Group Limited from a further exiting shareholder. Upon completion of the transactions, Summit Private Equity Fund Partnership will hold 37.39% stake in Efficient Group Limited. The deal is subject to all regulatory requirements and shareholder approvals required for the implementation of the Disposal are complied with and obtained and by no later than November 23, 2020 or a later date following an extension in accordance with the terms of the Disposal Agreement, the required notifications to the Financial Sector Conduct Authority of the applicable change in shareholding and ownership as a result of the transactions and such acknowledgement of receipts and approvals as are necessary are duly obtained.