Disciplinary enquiry / Withdrawal of cautionary AUSTRO GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2001/029771/06) Share code: ASO ISIN: ZAE000090882 (“Austro” or the “company”) DISCIPLINARY ENQUIRY/WITHDRAWAL OF CAUTIONARY Shareholders are referred to the cautionary announcement issued over SENS on 5 October 2012. In that regard, shareholders are advised that Mr Charles Jacobs, a director of Austro and the Chief Executive Officer (“CEO”) of Austro (Pty) Limited (“Wood”), a subsidiary of Austro, has been suspended from his duties pending the outcome of a disciplinary enquiry. The company expects the enquiry to be concluded timeously and will publish an appropriate announcement at the relevant time. Mr Jonathan Orde Freed, the managing director of New Way Power (Pty) Limited, a subsidiary of Austro and sister company of Wood, is currently managing Wood and accordingly operations will continue in the ordinary course of business. The board of directors of Austro are satisfied that there will be no material impact on the business as Wood’s management team under the guidance of Jonathan has sufficient expertise and competence to ensure a seamless continuation of that business. Accordingly, shareholders are advised that following the release of this announcement, caution is no longer required to be exercised by shareholders when dealing in their shares. 19 November 2012 Sponsor Java Capital Date: 19/11/2012 05:00:00 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.