Notification in terms of section 122(3) of the Companies Act and section 3.83(b) of the JSE Listings Requirements CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/027663/06) Share Code: CGR ISIN: ZAE000109203 ("Calgro M3" or "the Group") NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3) (b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Limited Listings Requirements, holders of ordinary shares in the Company are advised that Midbrooke Lane (Pty) Limited, Riskowitz Capital LLC and Protea Asset Management LLC increased their direct beneficial interest in ordinary shares of the Company ("the securities"), such that its beneficial interests of the securities of the Company amount to 6.41% of the total number of shares in issue. Calgro M3 hereby confirms that it has received the required notices from Midbrooke Lane (Pty) Limited, Riskowitz Capital LLC and Protea Asset Management LLC in terms of Section 122(1) of the Act. As required in terms of section 122(3) (a) of the Act, Calgro M3 has filed the required notices with the Takeover Regulation Panel. Johannesburg 13 May 2013 Sponsor:Grindrod Bank Limited Date: 13/05/2013 02:54:00 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.