Ann: Specialty Fashion Group Confirms Receipt of Proposal, page-2

8 February 2017
Specialty Fashion Group confirms receipt of proposal
Specialty Fashion Group Limited (ASX: SFH) (the Group) refers to media speculation this morning
and confirms that it has received a confidential, indicative and non-binding proposal from a Middle
Eastern investment company for a potential change of control transaction resulting in the privatisation
of the Group at a price of $0.70 per share in cash.
The Group has been in discussions with the counterparty for a period of time in relation to a potential
transaction and has been working toward an outcome that will result in a binding transaction (subject
to certain conditions precedent) capable of being put to shareholders. As part of the discussions that
have taken place to date, the Group has granted the counterparty access to due diligence customary
of a proposal of this nature.
The current proposal remains subject to a number of conditions, including the execution of binding
transaction documents, and there is no certainty the proposal will result in a transaction being
consummated.
The Group will provide further updates to the market as appropriate in accordance with its continuous
disclosure obligations.
No action is required by the Group’s shareholders at this time.
Specialty Fashion Group is being advised by Luminis Partners as financial advisor and Arnold Bloch
Leibler as legal advisor.​

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