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SAI Global/Baring Asia Private Equity Fund VI: Court Approves Scheme Of Arrangement

SAI Global Limited (ASX:SAI) (“SAI Global”) is pleased to announce that the Federal Court of Australia (the “Court”) has today made orders approving the scheme of arrangement (“Scheme”) between SAI Global and its shareholders under which Baring Asia Private Equity Fund VI (through its wholly owned subsidiary Casmar (Australia) Pty Limited) will acquire 100% of the shares in SAI Global for $4.75 per share.

SAI Global expects to lodge a copy of the Court's orders approving the Scheme with the Australian Securities and Investments Commission on Monday, 12 December 2016, at which time the Scheme will become effective.

It is expected that trading in the Company's shares on ASX will be suspended from close of trading on Monday, 12 December 2016.

Investor inquiries
Dan Janes
Managing Director
Credit Suisse
+61 2 8205 4166

Tim McKessar
Credit Suisse
+61 2 8205 4707

Media inquiries
John Frey
+61 411 361 361