Further Cautionary Announcement STRATCORP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2000/031842/06) JSE code: STA ISIN: ZAE 000034294 ("StratCorp" or the Company) Further Cautionary Announcement Shareholders are referred to the various cautionary announcements released over the past 9 months relating to the investigation by the Financial Services Board (the FSB) of a major subsidiary of the Company, the last of which was published on 20 March 2013. Shareholders are advised that the FSBs investigation of the Companys subsidiary originates from a complaint received by the FSB in 2007 of the alleged contravention by the subsidiary of certain provisions of the Financial Advisory and Intermediary Services Act (Act no. 37 of 2002) (the FAIS Act). The matter is receiving attention, and the Companys subsidiary has been engaging with the Regulator in this regard. The JSE has ruled that the Companys shareholders have to be updated every 12 weeks and be advised of any material change or further developments relating to the FSBs investigation as and when they arise. Shareholders are accordingly advised to continue exercising caution when dealing in the Companys securities until this cautionary announcement is withdrawn or a full announcement is made. 20 May 2013 Centurion Designated Adviser Exchange Sponsors Date: 20/05/2013 03:57:00 Produced by the JSE SENS Department.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.