Posting of circular, and salient dates and times New Africa Investments Limited Primedia Proprietary Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) (Registration number 1993/002467/06) (Registration number 2005/044403/07) Share code: NAI and NAN (“Primedia”) or (“Offeror”) ISIN: ZAE000033338 and ZAE000033346 (“NAIL”) or (“Company”) POSTING OF CIRCULAR, AND SALIENT DATES AND TIMES 1. POSTING OF CIRCULAR The shareholders of NAIL are referred to the announcement published on SENS on 2 November 2012, in terms of which Primedia announced their firm intention to acquire all of the NAIL Ordinary Shares and NAIL “N” Ordinary Shares (collectively the “NAIL Shares”) not already held by it (“Offer Shares”), from the NAIL Ordinary Shareholders and NAIL “N” Ordinary Shareholders (collectively the “NAIL Shareholders”) (the “Offer”). The NAIL Shareholders are hereby advised that a circular containing all relevant information on the Offer will be distributed today, 29 November 2012. 2. SALIENT DATES AND TIMES Date of posting of the Offer circular to NAIL Shareholders Thursday, 29 November 2012 Opening date of the Offer from 9:00 Friday, 30 November 2012 Last day to trade over the counter Friday, 11 January 2013 Record date of the Offer at the close of business Friday, 18 January 2013 Closing date of the Offer at 12:00 Friday, 18 January 2013 Results of the Offer to be released on SENS Monday, 21 January 2013 Results of the Offer to be published in the press Tuesday, 22 January 2013 Once-off Cash Offer Consideration and Initial Cash Portion Offer consideration settlement date, of the Agterskot Offer Consideration posted to NAIL being within six business days after Shareholders who have not dematerialised their NAIL the later of the Offer being declared Shares (NAIL Shareholders will receive either a direct wholly unconditional and deposit or a posted cheque) acceptance of the Offer Once-off Cash Offer Consideration and Initial Cash Portion Offer consideration settlement date, of the Agterskot Offer Consideration paid to the CSDP or being within six business days after Broker, as the case may be, of dematerialised NAIL the later of the Offer being declared Shareholders, whose acceptance of the Offer has been wholly unconditional and received by the transfer secretaries acceptance of the Offer Notes: 1) The above dates and times are subject to amendment by the Offeror provided that such amendment is approved by the TRP. Any such change will be announced on SENS and/or published in the press. 2) All times indicated above are South African times. Johannesburg 29 November 2012 Investment Bank [Investec Bank Limited Logo] Legal advisor to NAIL and Primedia [Edward Nathan Sonnebergs logo] Sponsor to NAIL [Investec Bank Limited Logo] Date: 29/11/2012 07:05:00 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.