Amendment to agreement - BK1P BK One Limited Incorporated in the Republic of South Africa Registration Number: 2011/008103/06 Preference Share Code: BK1P ISIN: ZAE000161352 “BK One” or “the Company” Amendment to agreement 1 Introduction BK One preference shareholders (“Shareholders”) are referred to the announcements published by the Company on the Securities Exchange News Service (“SENS”) on 8 November 2012, 2 April 2013 and 3 May 2013(the “Previous Announcement(s)”) in which Shareholders were informed that the BK One had entered into an assignment and option agreement (“the Option Agreement”) with Isitsaba Investment Group (Pty) Limited (“IIG”). In terms of the Option Agreement, the Company is entitled to acquire the assets of IIG at a pre-determined price, should IIG not achieve certain criteria, as more fully set-out in the Previous Announcement. The Company, in consultation with IIG, continues to assess the appropriate strategy for the Company and its investee companies and has therefore decided, by mutual agreement with IIG, to extend the duration of the Option Agreement until 31 August 2013, from 31 July 2013 as previously agreed and communicated on SENS. 2 Terms of the extension The terms of the Option Agreement remain unchanged except for the extension of the option date to 31 August 2013 from 31 July 2013. 3 Rationale for the extension The board of directors of the Company (“the Board”) remains firmly of the view that Shareholders’ value is enhanced by ultimately ensuring that the Company’s existing investee companies, which it is co-invested in with IIG, are managed as a single unit with a single, dedicated, management team. Consequently, in order to ensure that due consideration has been given to the various strategic alternatives available to the Company; the Board has decided that it is appropriate to extend the Option Agreement by one month. 4 Regulatory approvals and conditions precedent The extension is unconditional. Cape Town 02 August 2013 Investment Bank, Corporate Advisor and Debt Sponsor to BK One Nedbank Capital, a division of Nedbank Limited Date: 02/08/2013 04:00:00 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.