NOTICE

This is not an offer for sale. This announcement appears as a matter of record only

NOTICE OF CONVERSION OF BONDS INTO ORDINARY SHARES

We are pleased to announce that an additional 1,142,117 ordinary shares of par
value KES 0.50 each of TransCentury Limited (TCL) will be listed on the Alternative
Investment Market Segment of the Nairobi Securities Exchange (Newly Issued Shares)
in connection with the Companys convertible bond programme (Convertible Bond
Programme).
This is as a result of some minority bondholders converting their bonds into TCLs ordinary
shares. This conversion is for an original principal sum of US$1,000,000 adjusted to US$
703,792 as per the composite deed of amendment relating to the terms and conditions
of the convertible bond dated 24th March 2016. The conversion price is KES 49.60 per
share at an exchange rate of KES 80.49135 per US$1.00 in line with the agreed terms and
conditions and leads to a further reduction of the outstanding bond liability.
The Newly Issued Shares have been issued out of the initial 150,920,616 un-issued ordinary
shares of TCL reserved for the Convertible Bond Programme. A total of 142,866,305
un-issued ordinary shares now remain reserved for the Convertible Bond Programme
following an earlier conversion in August 2011 when 6,912,194 shares were issued.
The Capital Markets Authority (CMA) has approved the listing of these Newly Issued
Shares subject to the terms of the Convertible Bond Programme.
For more information on the TCL Convertible Bond Programme, we refer you to the TCL
Information Memorandum dated 1st July 2011 in respect to the listing of TCL shares on
the Nairobi Securities Exchange. The Information Memorandum can be found on the
TCL website.
By order of the Board,
30 th June 2016
As a matter of policy, the Capital Markets Authority assumes no responsibility for the
correctness of the statements appearing in this Notice.

ANNOUNCEMENT

CHANGES TO THE BOARD OF DIRECTORS OF TRANSCENTURY LIMITED

The Chairman and the Board of TransCentury Limited
(TCL) announce the following changes to the Board
of directors.
Mr. Nganga Njiinu (pictured) has been appointed
as an Executive Director with eect from 1st July
2016. Njiinu holds an MBA in Finance and Investment
Management from the University of Dallas in Irving,
Texas and a Bachelor of Science in International
Business from United States International University.
Njiinu is also a CFA charter holder. Since joining TCL in
2008, Njiinu has held various roles in corporate nance,
portfolio management, business development as well
as originating and developing opportunities in the
infrastructure space. He is currently the Acting Chief
Executive Ocer. Prior to joining TCL, Njiinu worked
for Coldwell Banker Residential Brokerage in the USA
for 7 years, where he was involved in strategy, nancial
planning and analysis as well as evaluation and
integration of acquisitions.
The Chairman and the Board of TCL take this opportunity
to welcome and congratulate the new Board member.
On behalf of the Board of Directors
Virginia Ndunge, Company Secretary
30 th June 2016