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EOH HOLDINGS LIMITED - Microsoft Channel Partner Agreement

12 February 2019 - 12:41 PM
Microsoft Channel Partner Agreement

Incorporated in the Republic of South Africa
(Registration number 1998/014669/06)
Share code: EOH ISIN: ZAE000071072


EOH has been advised that Microsoft has given notice of its intention to terminate its Channel Partner
Agreement with EOH Mthombo, one of the groups subsidiaries, with 30 days notice. At this stage, EOH has
not been provided with any reason for the notice of termination.

The effect of this notice, if acted on, will be that Group subsidiary company, EOH Mthombo, will no longer
be a direct reseller of Microsoft licences with a profit impact of approximately R10million in the current
financial year. However, Microsoft remains an important part of EOHs network of the more than 50
technology partners within the EOH Group and resolution of this matter is a priority.

EOH has initiated plans to ensure minimal disruption to customers and to limit the potential impact on the
business, until more clarity has been obtained. In this regard, EOH Group CEO, Stephen van Coller is actively
engaging Microsoft to better understand and resolve this matter as soon as practically possible.

Additional announcements will be made as soon as more detailed information is available.

12 February 2019

Merchantec Capital

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