Fulfilment Of Suspensive Conditions And Listing Of Additional Shares Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 ("Sephaku Holdings" or "the Company") FULFILMENT OF SUSPENSIVE CONDITIONS AND LISTING OF ADDITIONAL SHARES Shareholders are referred to the previous announcements released on SENS, the last of which was dated 11 January 2013, regarding the acquisition by the Company of 100% of the issued ordinary shares in Métier Mixed Concrete (Pty) Ltd (the Acquisition), further information pertaining to which was included in the circular to the Companys shareholders dated 30 November 2012 (the Circular). Shareholders are advised that on 5 February 2013, the Competition Commission approved the Acquisition without any conditions. Shareholders are further advised that on 27 February 2013 definitive funding agreements in respect of the Acquisition were signed and as such all suspensive conditions to the Acquisition as set out in the Circular have now been met. As a result of the above, as consideration for the Acquisition, the following shares in Sephaku Holdings (Sephaku Shares) were concurrently issued to the Sellers (as defined in the Circular): i. 5 000 000 Sephaku Shares to the at an issue price of R6 each (amounting to R30 000 000); and ii. 11 111 111 Sephaku Shares at an issue price of R9 per share (amounting to R100 000 000). The JSE Limited has approved the listing of the additional 16 111 111 Sephaku Shares at the respective issue price per notes (i) and (ii) above with effect from today, 28 February 2013. On the same date (being 28 February 2013), a cash payment amounting to R110 million was advanced by Standard Bank to the Sellers in terms of the acquisition finance, the salient terms of which are contained in the Circular. The Board of Directors Sephaku Holdings Limited Centurion 28 February 2013 Sponsor to Sephaku Holdings QuestCo (Pty) Limited Corporate adviser and transaction sponsor to Sephaku Holdings Sasfin Capital (A division of Sasfin Bank Limited) Legal advisers to Sephaku Holdings Brink Falcon Hume Inc. Reporting Accountants and Auditors Moore Stephens BKV Inc Mandated Lead Arranger and Debt Provider The Standard Bank of South Africa Limited Date: 28/02/2013 03:55:00 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.