Finalisation of Restructuring of BEE shareholding in Peregrine PEREGRINE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/006026/06) JSE code: PGR ISIN code: ZAE000078127 (“Peregrine”) FINALISATION OF RESTRUCTURING OF BEE SHAREHOLDING IN PEREGRINE 1. Shareholders are referred to previous announcements relating to the restructuring of Peregrine’s BEE shareholding in respect of which all resolutions to approve such restructuring were passed by Peregrine shareholders at the general meeting held on 4 September 2012. 2. Peregrine shareholders are advised that all the conditions precedent relating to: - the specific repurchase of 28 584 059 Peregrine shares (the “repurchased shares”) from Nala Empowerment Investment Company Proprietary Limited (“Nala”) and its subsidiary in terms of sections 48 and 114 of the Companies Act; and - the acquisition by Nala, by way of subscription, of a 20% shareholding in Peregrine Structuring Proprietary Limited, being Peregrine’s subsidiary which will house the South African operating subsidiaries pursuant to the group’s reorganisation, for a subscription price of R380 million, (collectively the “transactions”) have been fulfilled and accordingly the transactions have now been implemented. Application has been made to the JSE Limited for the delisting of the repurchased shares, which repurchased shares shall be cancelled. 3. Following the cancellation of the repurchased shares, Peregrine’s issued share capital will be comprised as follows: - Total number of Peregrine shares in issue 199 544 705 - Treasury shares 10 462 646 - Net shares in issue 189 082 059 19 October 2012 Sponsor and corporate advisor Java Capital Date: 19/10/2012 12:07:00 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.