Voluntary Announcement NUTRITIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2004/002282/06) Share code: NUT ISIN: ZAE000156485 ("Nutritional Holdings" or "the Company") VOLUNTARY ANNOUNCEMENT 1. Shareholders are referred the announcement dated 14 June 2011 wherein shareholders were advised that Nutritional Holdings Limited (at the time known as Imuniti Holdings Limited) had entered into a manufacturing agreement with Edge to Edge Global Investments Limited (“E2E”), in terms of which, inter alia, the Company has the exclusive right to manufacture the Imuniti Nutritional Supplement Combo Pack (“INSCP”) on behalf E2E (“the Supply Agreement”). 2. Further to the above, shareholders are advised that the Company has entered into mediation and arbitration proceedings with E2E, as provided for in the Manufacturing Agreement, in relation to the non-payment of monies due to Nutritional Holdings by E2E for the previous manufacture of INSCP’s (“the Dispute”). 3. As communicated to shareholders in the Annual Integrated Report 2013, the INSCP is still a product which could create opportunities for the Company in the future, however the Company’s focus remains with its core businesses, being the Nutritional Foods Division and the Pharmaceutical Division. The Manufacturing Agreement in its current state and/or the settlement of the Dispute (which does not affect the existence of the Manufacturing Agreement) are both currently immaterial to the Company’s existing operations. 4. In addition to the above, shareholders are advised that certain members of the board of the Company (“the Board”) have, in their personal capacities as shareholders of E2E (together with other shareholders of E2E), applied to the Kwazulu-Natal High Court, Durban, for permission to liquidate E2E (“the Application”). 5. The Application will be heard on Thursday, 15 August 2013, the outcome of which is uncertain at this stage. 6. In the event that the Application is granted by the Kwazulu-Natal High Court, Durban, same could affect the existence of the Manufacturing Agreement. 7. Neither the Dispute nor the Application are regarded by the Board as material price sensitive information in terms of section 3.4 of the JSE Limited’s Listings Requirements. 8. However, in view of the historic relationship with E2E and the uncertainty regarding the Dispute and/or the Application, the Board deemed it appropriate to inform shareholders of the developments contained in this announcement. 9. To the extent required, any further developments in this regard will be communicated to shareholders in due course. Umhlanga 14 August 2013 Designated advisor: PSG Capital Proprietary Limited Date: 14/08/2013 09:30:00 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.