Disposal of investment Blackstar Group SE (Company number SE 4) (registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) Share code: BCK ISIN: GB00B0W3NL87 (“Blackstar” or “the Company”) Disposal of investment Blackstar is pleased to announce that it has disposed of its listed services derivative investment via a series of on-market sales for cash consideration of R152 million, being a premium of 4.7% to its carrying value as reported on 31 August 2012, being the most recently published intrinsic net asset value for the investment. Blackstar generated a 2.28 times return on investment in South African Rand and 2.04 times money on investment in Pounds Sterling, which equates to a 16% IRR and 14% IRR, respectively, over the 6 year and 4 month holding period. The majority of the disposal proceeds will be applied against the Investec Bank Limited debt facility that was taken out in January 2012. Blackstar will continue to focus its attention on unlocking further value from its current portfolio of investments and is now well positioned to pursue a range of interesting new investment opportunities. Andrew Bonamour, director of Blackstar, commented, “The investment was held through a volatile and turbulent period which included the global financial crisis and the Board is pleased that it has been able to generate a good return on this investment for its shareholders during this period” 05 October 2012 For further information, please contact: Blackstar Group SE Bryan Moyer / + 356 2144 6377 Lesley Micallef Liberum Capital Limited Chris Bowman / +44 (0) 20 3100 2222 Christopher Britton PSG Capital (Pty) Limited David Tosi / Willie +27(0) 21 887 9602 Honeyball Date: 05/10/2012 08:00:00 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.