Fairtree acquires 5.02% beneficial interest in Truworths

Truworths International Limited (JSE:TRU) announced today that Fairtree Asset Management (Pty) Ltd, acting on behalf of its clients, has acquired a 5.02% beneficial interest in the company's issued ordinary shares. This acquisition triggers notification requirements under Section 122(3)(b) of the Companies Act and JSE Limited Listings Requirements. Truworths will file the necessary notices with the Takeover Regulation Panel and the Companies and Intellectual Property Commission. The board of Truworths affirms the accuracy and completeness of the information disclosed in the announcement, ensuring compliance with legal and regulatory standards. The announcement is dated April 10, 2025, with One Capital acting as the sponsor in South Africa and Merchantec Capital as the sponsor in Namibia.