INFRASORS HOLDINGS LIMITED - General repurchase of shares

General repurchase of shares

Infrasors Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number 2007/002405/06)

Share code: IRA ISIN: ZAE 000101507

(“Infrasors” or “the Company” or “the group”)

GENERAL REPURCHASE OF ORDINARY SHARES

1. Introduction

   In terms of section 11.27 of the JSE Listings Requirements, Infrasors herewith announces the
   cumulative repurchase of 7 121 265 (4.36% of the issued ordinary shares) Infrasors ordinary
   shares, since and in accordance with the general authority granted by Infrasors shareholders at
   the annual general meeting held on 28 October 2014 (“the repurchase”).

2. Implementation

   Details are as follows:

   -     Total number of ordinary shares repurchased: 7 121 265
   -     Total Value of ordinary shares repurchased: R9 611 089
   -     Highest price paid per ordinary share: R1.35
   -     Lowest price paid per ordinary shares: R1.14
   -     The number of shares which may still be repurchased by the Company in terms of the
         general authority: 6 917 895
   -     The percentage of ordinary shares which may still be repurchased by the Company in terms
         of the general authority: 4.23%
   -     Number of shares held in treasury after the repurchase to date: 7 318 765
   -     The 7 318 765 Infrasors ordinary shares will not be cancelled and will be held as treasury
         shares until the date when the company is delisted when the treasury shares will be
         cancelled.
   -     The repurchases were effected through the order book operated by the JSE limited (“JSE”)
         and done without any prior understanding or arrangement between the Company and the
         counter parties.
   -     The repurchases were effected between 28 October 2014 and 31 August 2015.

3. Source of funds

   The repurchases to date have been funded from available Company cash resources.

4. Opinion of the directors

   The directors of Infrasors have considered the impact of the repurchases and are of the opinion
   that:

   -     Infrasors and the group will be able, in the ordinary course of business, to pay its debts for a
         period of 12 months from the date of this announcement
   -     the assets of Infrasors and the group will be in excess of the liabilities of the Company and
         the group for a period of 12 months after the date of this announcement, measured in
         accordance with the accounting policies used in the last published audited financial
         statements;
   -     the ordinary share capital and reserves of Infrasors and the group will be adequate for
   -     ordinary business purposes for a period of 12 months from the date of this announcement;
         and
   -     the working capital of Infrasors and the group will be adequate for ordinary business
         purposes for a period of 12 months from the date of this announcement.

   5. Impact of the repurchase on financial information

   The result of the repurchases on the financial information is limited to a reduction in cash of
   R9 611 889 and an increase in treasury shares to 7 318 765 ordinary shares. There will be no
   impact on the issued share capital of the Company.

   Johannesburg
   1 September 2015
   Sponsor: Bridge Capital Advisors (Proprietary) Limited

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