MyBucks

www.afristratpumpanddump.co.za

THE MYBUCKS STOPS HERE OR ARE THEY STILL DODGING THE BULLET!!!

20/02/2018 Mybucks – Luxenbourg Annual General Meeting - George Manyere was appointed for a further 3 years as a “SHADOW DIRECTOR” or for better understanding, George Manyere held a position as a Non- Executive Director of Mybucks up and until the 06th of December 2018, when he conveniently resigned. He was “SHADOW” Director of Ecsponent Limited and currently still holds this position

Investors were “misled” by the following statement as per the 2016/7 Balance Sheet and the Mybucks Circular sent out to investors.

MyBucks material acquisitions and vendor details

“No directors or promoters have any interest in any of the below acquisitions, nor have there been any consideration or benefits.” Shareholders with significant influence: Alexander Mason (Pty) Ltd – Represented by G. Manyere- Non-executive Director of both Ecsponent Limited South Africa and Mybucks SA

A shortened description for easier reading and understanding is listed herein: If you do require a full comprehensive report, feel free to request this from the webmaster. We will endeavor not to confuse you, although it is another bizarre crazy interwinding transactions of lies and deception by the company.

20/12/2016 Ecsponent Limited, incorporated in Botswana, buys 1 297 846 Mybucks Shares, which is 10.002% of the issued share capital of MyBucks SA from Ecsponent Projects Proprietary Limited incorporated in Republic of Botswana for a purchase consideration of R262 570 000

Financial information pertaining to MyBucks As at 31 December 2015, being the last reporting date for MyBucks, MyBucks had a total net asset value of R145 923 376. For the 6 months ended 31 December 2015, MyBucks had a net profit after tax of R36 243 616

In terms of the Lock-Up Agreement, Projects may not dispose of, or enter into an agreement to dispose of, the shares in MyBucks without the prior written consent of Hauck & Aufhäuser Privatbankiers KGaA, up to 30 June 2017.

Following the MyBucks Acquisition, Ecsponent Limited Botswana will also become party to the Lock-Up Agreement and therefore Ecsponent limited Botswana will be subject to the same restrictions on the transfer or disposal of the shares in MyBucks.

29/06/2017 The investment has been classified as a Level 1 fair value for the Ecsponent group to date, with the Group's shareholding value at the period end of R233 million.

6 months later the company has lost over R29.5 million, yet they carry on investment within this company obviously because: Shareholders with significant influence: Alexander Mason (Pty) Ltd – Represented by G. Manyere- Non-executive Director of both Ecsponent Limited South Africa and Mybucks SA – SENS DOCUMENT

After a loss of over R29 Million Ecsponent decides this is not a good show to Financial Suicide, they decide with significant influence of George Manyere, and an Auditors opinion of Tertius De Kock to invest with VSS Financial Services:

03/01/2018 - The board of directors of Ecsponent Limited hereby advises shareholders that the Company has resolved to invest R100 million in cumulative perpetual preference shares issued by VSS Financial Services Proprietary Limited VSS is 100% held by MyBucks SA Proprietary Limited – VSS reported net loss after tax of R17 million for the financial year ended 30 June 2017, and net deficit of R15 million as at 30 June 2017, being the latest financial year-end of VSS.

Why would Ecsponent Limited invest R100 million into a company with over R15million losses?

Let’s see what Mybucks say about these shares – Mybucks Financial Report 2019

On 3 January 2018 and 1 March 2018 VSS Financial Services (Pty) Ltd issued non-redeemable, non-cumulative preference shares amounting to (ZAR100 million). This facility was converted into parent equity as part of the Groups’ overall debt to equity restructure. Sounding Familiar!

Interesting on how they can do Forensic Investigation into Non- Redeemable shares and one month later.

09/02/2018 Ecsponent Limited Botswana, agreed to acquiring an additional 444 000 shares in MyBucks for a total consideration of R59.2 million. Mybucks and its wholly subsidiary VSS have now benefited to a total of R421 770.00, Ecsponent has lost R29.5 million at this time,

20/02/2018 Mybucks – Luxenbourg Annual General Meeting - Share Capital of the Company 12 965 613. Cancellation of an Option agreement and Trade Mark Agreements, cancelling 250 000 shares reducing the number of shares in issue to 12 715 613 shares to the value Euro12 71 5613 one Euro per share.= Euro 1 = R14.58 per share.

23/05/2018 The board of directors of Ecsponent Limited is pleased to advise shareholders that Ecsponent Limited Botswana, agreed to acquiring an additional, of 352 612 shares in MyBucks S.A. for a consideration of R81.9 million. *** we paid R232.27 per share- that is an overpayment of R218.27per share????***

Should our calculations be correct = Up and until this date we have spent R403.6 Million for a total of 2 094 458 shares at an average price of R192.73

The Coronado Acquisition, Ecsponent Treasury Services will acquire 8.839% in share value of 1145 998 shares in MyBucks from DTM Capital Proprietary Limited, Purchase consideration of R260 million payable by Ecsponent Treasury Services to DTM Capital Proprietary Limited.

In addition to improving the quality of the Group’s assets and growth earnings prospects, the acquisition of further shares in MyBucks provides the Group with an increased ability to influence the decisions of MyBucks.

29/06/2018 At 31 March 2018, the group held 12.1% in the Frankfurt listed MyBucks SA. Ecsponent Limited acquires an additional 16.227% -1 953 874 MyBucks shares for a consideration of 102.2 million which will result in Escponent holding 39.885% in Mybucks Shares – Ecsponent Annual Financial Statement 2018.

Oh!!! the dreaded PINK ORCHID TRANSACTION

The Group's bankers have submitted an approval motivation to the SARB and are awaiting a formal response. The proposed investment comprises 8.839% of MyBucks' issued share capital and would increase the Group's interest in MyBucks from 12.100% to 20.939%. The final condition will be satisfied on confirmation of SARB's approval.

26/03/2019 December 2018, the Group acquire a further 11.8% or 1 498 600 shares in MyBucks and as such held 24.3% in MyBucks for the purchase consideration of R352.1 million. It is the Group's intention to obtain a controlling interest in MyBucks.

Total investment in MyBucks SA Limited ordinary shares after the transaction amounts to 3 095 530 shares comprising a total holding of 24.3%. -

Acquisition of a further 1 953 874 MyBucks shares increasing its holding to 39.7% of MyBucks; Oh!!! the dreaded PINK ORCHID TRANSACTION

Oh!!! the dreaded PINK ORCHID TRANSACTION

Remember in May 2018 Up and until this date we have spent R403.6 Million for a total of 2 094 458 shares at an average price of R192.73

Lets do practical math… May 2018 we held shares of 2 0 94 458 add 1 145998 this gives a total of 3 240 456 shares now let’s add the 1 953 874 shares, the company now owns 5 194 330 shares not as the recorded 3 095 530 shares this is a shortfall of 2 098 800 shares at an average price of R192.73 a value of R404 501 724.00 THAT CANNOT BE ACCOUNTED FOR.

MyBucks SA and Ecsponent Limited concluded an agreement in March 2019 enabling it to take a controlling interest in the Frankfurt-listed fintech company.

In terms of the agreement between Mybucks and Ecsponent Limited the Group -Ecsponent Limited converts the loans it advanced to MyBucks - together with predetermined assets to the value of R450 million into MyBucks shares at a subscription price of EUR1.00 per MyBucks share. The result will be the issue of 27 829 312 Mybucks shares to Ecsponent Limited increasing the shareholding to 39.7%, at an average price of R16.17 Per Share.

28/06/2019: Confirming the above with exception of the Pink Orchid deal, take another look at this one.

13/09/2019: SENS DOCUMENT Prior to conclusion of the MyBucks Subscription Ecsponent and its subsidiaries will implement a debt restructure

It is expected that the Debt Restructure will result in a net loan owing by MyBucks to Ecsponent of R415.8 million, based on the loan balances as at 30 June 2019.

20/11/2019 The Board has, in previous communications to shareholders, notified shareholders that MyBucks S.A. a material investee company of Ecsponent, is undertaking a process of recapitalizing and rationalizing its operations, to enable it to return to profitability.

18/01/2021 George Manyere to exit Mybucks – The bank of Zambia has ordered and banned George Manyere and his investment Vehicle Ecsponent Limited including Bakrat Ali to exit both controlling shareholding and directorship in the fintech company Mybucks after violating banking rules in that their actions were decremental to the stake and shareholders of Mybucks Zambia. Together with Mr Barkat Ali the duo allegedly guaranteed a sum of USD10 million in favour of a company owned directly by Jayesh Shah Ever Prosperous-Ever Prosperous Worldwide Limited, a company incorporated in the British Virgin Islands and having its registered office at 101 Cecil Street, Number 22-01A, Tong Eng. Building, Singapore 069533, an independent lending institutionin. - exchange for an asset only valued at USD5million to be acquired at a later date without board approval. It was further established that Mr Jayesh Shah also founded Xtenda Finance Limited, which have been offered share within Mybucks S.A.

FORENSIC INVESTIGATION INTO VSS FINANCIAL SERVICES (PTY) LTD (“VSS”) MyBucks today stated that it believes that certain former directors and executives and certain service providers should answer for the clear lack of corporate governance, financial mismanagement, accounting irregularities and failure to act in the best interests of the company and its stakeholders.

25/11/2021 SENS DOCUMENT: Shareholders’ attention is drawn MyBucks as an investment vehicle are unsustainable and would not provide any realistic turnaround value for Afristrat in the future.

23/02/2022 In terms of the bankruptcy procedure, Afristrat will no longer have control of MyBucks and will therefore The Company has thus completed its assessment and concluded that it will not have a material impact.

26/03/2019 SENS DOCUMENT: Acquisition of Pink Orchid Shareholders approved in the general meeting held on 22 January 2019 the acquisition of Pink Orchid Proprietary Limited a company incorporated in Mauritius for R185 million. The transaction resulted in Ecsponent Limited obtaining:

SENS: Further to the announcement dated 2 March 2020, the Board of Directors is pleased to inform shareholders that Ecsponent and ECS Mauritius Private Equity Limited (“ECS Mauritius”), a wholly owned subsidiary of the Ecsponent Group has, on 19 March 2020, entered into a binding term sheet with MHMK Group Limited in terms of which MHMK Group will subscribe for, and the Company will issue, 8,808,624,705 ordinary shares to MHMK Group at a subscription price of R0.0245 per ordinary share resulting in a total subscription consideration of R215 811 305 The Subscription Consideration will not be paid in cash but will be offset against ECS Mauritius’ liability party, unrelated creditor following the acquisition by MHMK Group of the Tailored Claim from Tailored Investments. Following the Specific Issue, MHMK Group will hold, directly and indirectly, 9,419,475,981 of the ordinary shares in Ecsponent’s share capital, comprising 95.26% of the total issued share capital after the Specific Issue.

The company bought Pink Orchid for R185 Million, for this they got 1 953 874 shares. Yet they pay George Manyere R215 Million for the same shares he paid R39 Million for , so many questions.

The loan is secured by 1 953 874 shares of MyBucks S.A., is interest free and is repayable in monthly instalments until June 2022. The company announced on 20 March 2020 that it reached agreement with its major shareholder to acquire the loan from Tailored Investments and plans to issue Ecsponent ordinary shares to settle the liability. The issue of Ecsponent ordinary shares is subject to shareholder approval, refer to note 37 dealing with the events after the reporting date. Repayments have been deferred pending the shareholder vote.