Notice of business rescue application Erbacon Investment Holdings Limited Incorporated in the Republic of South Africa (Registration number: 2007/014490/06) Share code: ERB ISIN: ZAE000111571 (“Erbacon” or “the Company”) NOTICE OF APPLICATION TO COMMENCE BUSINESS RESCUE PROCEEDINGS OF MAJOR OPERATING SUBSIDIARY AND SUSPENSION OF LISTING OF HOLDING COMPANY 1. Application to Commence with Business Rescue Proceedings 1.1. The board of directors of Erbacon (“the Erbacon Board”) was informed by the board of directors of its major operating subsidiary, Civcon Construction Proprietary Limited (“Civcon” or “the subsidiary”) (“the Civcon Board”), that Civcon is currently financially distressed, as contemplated in Chapter 6 of the Companies Act, 2008, as amended (“the Companies Act”), due to the delay in award of contracts as well as a delay in payment from its major debtors. 1.2. The Civcon Board is, however, of the view that there appears to be a reasonable prospect of rescuing the subsidiary from its current financial difficulties and has accordingly started proceedings to place Civcon into business rescue and supervision and are preparing a comprehensive business rescue plan. 1.3. The resolution was filed with the Companies and Intellectual Property Commission on 20 June 2013. The filing date is therefore the effective date of commencement of the business rescue proceedings as contemplated in terms of section 132(1)(a)(i) of the Companies Act. 1.4. Accordingly, Civcon is now formally under business rescue. The business rescue practitioners function will be to supervise Civcon to assist it in devising and implementing an effective business rescue plan. 1.5. The business rescue process will allow Civcon to continue to operate while it prepares and implements a restructuring plan to enable it to operate more efficiently while aiming to return to profitability. 1.6. Shareholders are further advised that Erbacon Construction (Pty) Limited, although being a smaller subsidiary than Civcon, has also been placed under business rescue and will undergo the same process as detailed above. 2. Suspension of Listing 2.1. Shareholders are therefore advised that due to Civcon being the greater part of Erbacon’s undertaking and commencing with the business rescue proceedings, Erbacon’s shares have been suspended in terms of section 1.9(a)(iii) of the JSE Listings Requirements until further notice. Johannesburg 20 June 2013 Designated Adviser: PSG Capital Proprietary Limited Date: 20/06/2013 05:15:00 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.