Cautionary announcement Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 (Sephaku Holdings or the Company) CAUTIONARY ANNOUNCEMENT Sephaku Holdings is pleased to announce that it has entered into negotiations, which negotiations are at an advanced stage, regarding the potential acquisition of a company that operates in the construction and building material supplies industry (the Acquisition). The Acquisition, if successful, is expected to have synergistic benefits for Sephaku Holdings and its associate, Sephaku Cement (Proprietary) Limited. The Acquisition is in line with Sephaku Holdings stated strategy of focusing on cement and cement related products. The Acquisition, if successfully concluded, may have an impact on the price of the Companys securities. Accordingly, shareholders are advised to exercise caution when dealing in the Companys securities until a further announcement providing further details regarding the Acquisition is released. Pretoria 3 September 2012 Corporate advisor and transaction sponsor Sasfin Capital (A division of Sasfin Bank Limited) Sponsor QuestCo (Pty) Limited Legal advisors Brink Falcon Hume Inc. Attorneys. Date: 03/09/2012 03:53:00 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.