Disposal update and renewal of cautionary annopuncement THE DON GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1946/023123/06) Share code: DON ISIN: ZAE000008462 (“The Don” or “the Company”) DISPOSALS UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcements released on SENS on 11 July 2012 and 8 August 2012 and using the terms defined therein unless otherwise stated, are advised that the circular containing full details of the disposals of the Sandton 3 and Sandton 1 Properties, the Beach Road Property and the Sandton 4 Property and the intended disposal of The Don’s five remaining hotel properties (“the Disposals”) is being finalised. The circular will be distributed to shareholders in due course. In addition, further to the renewal of cautionary announcement dated 11 July 2012, shareholders are advised that as the finalisation of the pro forma financial effects, as well as negotiations on several of the remaining five hotel properties, are still in progress, which if successfully concluded may have a material effect on the price of the Company’s securities, they should continue to exercise caution when dealing in the Company’s securities until a further announcement is made. Johannesburg 22 August 2012 Sponsor Merchantec Capital Date: 22/08/2012 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.