STEFANUTTI STOCKS HOLDINGS LIMITED - Distribution of category 1 transaction circular, notice of general meeting and withdrawal of cautionary

Distribution of category 1 transaction circular, notice of general meeting and withdrawal of cautionary

 Stefanutti Stocks Holdings Limited
 (Registration number 1996/003767/06)
 Share code: SSK
 ISIN: ZAE000123766
 (“Stefanutti Stocks” or “the company”)

 DISTRIBUTION OF CATEGORY 1 TRANSACTION CIRCULAR, NOTICE OF GENERAL MEETING AND
 WITHDRAWAL OF CAUTIONARY

 Distribution of Category 1 Transaction Circular

 Stefanutti Stocks’ shareholders (“Shareholders”) are referred to the announcement released by
 Stefanutti Stocks on the Stock Exchange News Service ("SENS") on 1 April 2021 (the "Announcement")
 wherein Shareholders were advised that Stefanutti Stocks Proprietary Limited had entered into a sale
 of business agreement dated 31 March 2021 with Akhona Mining Services Proprietary Limited to
 dispose of its Mining Services Division, comprising the Materials Handling and Tailings Management
 sub-divisions but excluding the Contract Mining sub-division of Stefanutti Stocks (the "Proposed
 Transaction"), the implementation of which is subject to the company obtaining the requisite approval
 of Shareholders.

 Using the terms defined therein, Shareholders are hereby advised that the Category 1 Transaction
 Circular containing the details of the Proposed Transaction and incorporating the Notice of General
 Meeting, electronic participation form and form of proxy, has been made available and distributed to
 Shareholders today, Wednesday, 28 April 2021.

 Shareholders are further advised that an electronic copy of the Circular is available on the company’s
 website at www.stefanuttistocks.com, and additional copies of the Circular can be obtained from the
 company or Computershare Investor Services Proprietary Limited (“Computershare”) at their
 respective addresses provided in the “Corporate Information” section of the Circular during normal
 business hours from today, Wednesday, 28 April 2021 up to and including the date of the General
 Meeting, being Wednesday, 26 May 2021. The Circular is available in English only.

 Notice of General Meeting

 Notice is hereby given that the General Meeting of Shareholders will be held at 09:00 (CAT) on
 Wednesday, 26 May 2021 in order to consider and, if deemed fit, to pass the ordinary resolution
 necessary to give effect to the Proposed Transaction.

 As a result of the Covid-19 pandemic and the restrictions imposed on public gatherings, Shareholders
 are advised that the General Meeting will be held entirely by electronic communication and format
 on the platform hosted by Computershare (including any adjournment or postponement thereof). The
 instructions for electronic participation at the General Meeting are contained in the electronic
 participation form annexed to the Notice of General Meeting.

 Salient dates and times

 The salient dates and times relating to the General Meeting are set out below:

                                                                                                          2021
Record Date for Shareholders to receive the Circular and Notice of General Meeting              Friday, 16 April
Circular and Notice of General Meeting distributed and announced on SENS                   Wednesday, 28 April
Last Date to Trade to be eligible to participate in and vote at the General Meeting            Tuesday, 18 May
General Meeting Record Date for Shareholders to be entitled to participate in and                Friday, 21 May
vote at the General Meeting
For administrative purposes only last date to lodge forms of proxy with                        Monday, 24 May
Computershare by 09:00
Last date to lodge forms of proxy with the Chairman of the General Meeting via             Wednesday, 26 May
email by 09:00
General Meeting to be held at 09:00                                                        Wednesday, 26 May
Results of the General Meeting published on SENS                                           Wednesday, 26 May
Results of the General Meeting published in the press                                         Thursday, 27 May

 Notes:

 1.     The dates and times provided above are subject to amendment. Any material amendments will
        be published on SENS.
 2.     All times referred to above are local times in South Africa.
 3.     If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial
        General Meeting will remain valid in respect of any adjournment or postponement of the
        General Meeting, unless the contrary is stated on such form of proxy.
 4.     The Register for Certificated Shareholders will be closed between the Last Date to Trade and
        the General Meeting Record Date.
 5.     No Stefanutti Stocks Shares may be dematerialised or rematerialised from Wednesday, 19
        May 2021, to Friday, 21 May 2021 (both days inclusive).
 6.     Shareholders should note that as transactions in Stefanutti Stocks Shares are settled in the
        electronic settlement system used by Strate, settlement of trades takes place 3 (three) Business
        Days after such trade. Therefore, persons who acquire Stefanutti Stocks Shares after close of
        trade on Tuesday, 18 May 2021 will not be eligible to attend, participate in and vote at the
        General Meeting.

 Withdrawal of cautionary announcement

 Shareholders are referred to the cautionary contained in the Announcement relating to information
 on the consolidated value of the net assets and the profit before tax of the Mining Services Division
 (excluding the Contract Mining sub-division) that was not available for inclusion at the time of the
 Announcement.

 Shareholders are now advised that the consolidated value of the net assets of the Mining Services
 Division, comprising the Materials Handling and Tailings Management sub-divisions but excluding the
 Contract Mining sub-division, as at 31 August 2020 amounted to R69,8 million. The profit before tax
 for the six months ended 31 August 2020 attributable to the Mining Service Division was R17,2 million.

 The cautionary is hereby withdrawn and caution is no longer required to be exercised by Shareholders
 when dealing in the company’s securities.

 Johannesburg
 28 April 2021
 Sponsor: Bridge Capital Advisors Proprietary Limited
Legal Advisor: Webber Wentzel
Transaction Advisor: Birkett Stewart McHendrie Proprietary Limited

Date: 28-04-2021 04:00:00
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