Withdrawal of Cautionary and Sale of Company CONTROL INSTRUMENTS GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1964/003987/06) Share Code: CNL ISIN: ZAE000001665 (“Control Instruments” or “the Company” or “the Group”) SALE OF Pi SHURLOK (PTY) LIMITED (“Pi Shurlok”) AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT INTRODUCTION Shareholders are referred to the cautionary announcements dated 15 June, 9 July, 20 August and 2 October 2012 and are advised that PFK Electronics (Proprietary) Limited (“PFK”) has purchased all the issued share capital and the shareholder’s loan in Pi Shurlok for a nominal amount, with effect from 7 November 2012. As a result of the transaction, it is expected that the Group will incur a loss from discontinued operations of approximately R58.6 million for the year ended 31 December 2012. This loss has already been provided for in the results for the six months ended 30 June 2012 and comprises trading losses and an impairment loss due to the write-off of the net investment in Pi Shurlok by the Group. The disposal is subject to the normal terms and warranties for a transaction of this nature. In terms of Section 13A(1) of the Competition Act 89 of 1998, no approval by the Competition Authorities is required. Since the Group exited its international original equipment manufacturing (“OEM”) operations at the end of 2011, the stated intention has been to reposition and refocus the Group as a predominantly automotive aftermarket business. As a result of the disposal of Pi Shurlok, the Group has no further exposure to the OEM sector of the automotive industry. The exit from the OEM business will result in a reduction in capital expenditure and working capital requirements of the Group. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are advised that they no longer need to exercise caution when dealing in the Company’s securities. Johannesburg 7 November 2012 Sponsor Investec Bank Limited Date: 07/11/2012 02:00:00 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.