JOHN DANIEL HOLDINGS LIMITED - New Proposed Change of Name, Notice in Terms of Section 60 of the Companies Act and Announcement of Salient Dates

New Proposed Change of Name, Notice in Terms of Section 60 of the Companies Act and Announcement of Salient Dates

JOHN DANIEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: JDH - ISIN: ZAE000136677
("the Company" or "JDH" or "the Group")


UPDATE ON ORIGINAL CHANGE OF NAME, NEW PROPOSED CHANGE IN NAME OF THE COMPANY,
NOTICE IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 2008 (NO. 71 OF 2008) AND
ANNOUNCEMENT OF SALIENT DATES


At the Annual General Meeting held on 19 July 2013, JDH shareholders approved the change in name of the
company to Escalator Investment Holdings Limited. The special resolutions were subsequently lodged with the
Companies and Intellectual Property Commission (“CIPC”)for registration.

In the intervening period, the controlling shareholder of JDH received an objection to the use of the name “Escalator”
from a large corporate entity and JDH, in consultation with its controlling shareholder, elected not to proceed with
the change in name to Escalator Investment Holdings Limited and lodged an affidavit with CIPC to halt the name
change process. Unfortunately, CIPC proceeded with the change in name of the company to Escalator Investment
Holdings Limited and JDH was notified of this change in January 2014.

As opposed to pursuing any legal route and in consultation with the Johannesburg Stock Exchange (“JSE”), the
company proceeded with a special resolution by way of a Section 60 shareholder round robin resolution process
and has secured more than the required 75% vote in order to approve the change in name of the company to
Ecsponent Limited. The name change will be done in conjunction with the renaming and rebranding of the entire
Escalator group of companies to Ecsponent. Shareholders are accordingly advised that JDH will not be proceeding
with a name change to Escalator Investment Holdings Limited on the JSE.

The special resolution has been lodged with CIPC in order to change the name at CIPC from “Escalator Investments
Holdings Limited” to “Ecsponent Limited”.

In accordance with the JSE Listings Requirements, for a period of not less than one year, JDH will reflect the former
name “John Daniel Holdings Limited” on all documents of title in brackets beneath the new name of “Ecsponent
Limited”.

A notice advising of the special resolution passed in term of Section 60 will be posted to JDH shareholders in
accordance with the Act.

SALIENT DATES AND TIMES OF THE NEW NAME CHANGE

                                                                                      2014
 Special resolution submitted to CIPC on                                              Monday, 20 January

 Notice of Section 60 shareholder resolution to be posted to shareholders on          Monday, 27 January

 Special resolution and name change certificate to be registered by CIPC by no        Monday, 10 February
 later than

 Last day to trade shares in the name of John Daniel Holdings Limited in order to     Friday, 21 February
 be recorded as a shareholder by the record date on

 Trading in the shares under the new JSE and ISIN codes commences on                  Monday, 24 February

 Record date for determining those shareholders whose shares will be subject to       Friday, 28 February
 the change of name on
 Date of issue of new replacement share certificates on or about if the old          Monday, 3 March
 certificates have been received by 12h00 on record date or within 5 business days
 thereafter if received after 12h00 on record date

 Dematerialised shareholders will have their accounts at their CSDP or broker        Monday, 3 March
 updated on

Notes:
1.  The above-mentioned dates and times are South African dates and times and are subject to amendment. Any
    such amendment will be announced on SENS.
2.  Share certificates in the name of JDH may not be dematerialised or rematerialised after Friday, 21 February
    2014.

By order of the board

Johannesburg
24 January 2014

Sponsor
Arcay Moela Sponsors Proprietary Limited

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