Dealing in securities by an associate of a director and section 122 notification SA FRENCH LIMITED Incorporated in the Republic of South Africa (Registration number: 1982/009174/06) Share code: SFH ISIN: ZAE000108890 (“SA French”) DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR AND SECTION 122 NOTIFICATION In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: COMPANY : SA French NAME OF DIRECTOR : QCA van Breda NAME OF ASSOCIATE : SA French Group Trust RELATIONSHIP WITH DIRECTOR : Director is a trustee of the associate STATUS OF DIRECTOR : Executive TYPE AND CLASS OF SECURITIES : Ordinary shares in SA French DATE OF TRANSACTION : 1 November 2012 PRICE PER SHARE : 10 cents TOTAL NUMBER OF SECURITIES : 10 000 000 TRANSACTED TOTAL RAND VALUE OF SECURITIES : R1 000 000.00 NATURE OF TRANSACTION : On-market disposal of securities NATURE AND EXTENT OF : Indirect, Beneficial DIRECTOR’S INTEREST IN THE TRANSACTION CONFIRMATION THAT CLEARANCE : Not required HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66 SECTION 122 NOTIFICATION As a result of the above disposal of SA French shares and in compliance with section 122 of the Companies Act, 2008 (Nr. 71 of 2008) (“the Act”), the SA French Group Trust’s shareholding decreased from 21.06% to 19.42% of the issued share capital of SA French. SA French Group Trust have notified the Company of their transaction using a TRP 121.1 form and the Company has filed a TRP 121.2 notification form with the Takeover Regulation Panel as required in terms of the Act. Johannesburg 2 November 2012 Corporate advisor: AfrAsia Corporate Finance Proprietary Limited Designated advisor: PSG Capital Proprietary Limited Date: 02/11/2012 03:45:00 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.