Update on status of major operating subsidiary and cautionary announcement 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”) Update on status of major operating subsidiary and cautionary announcement 1. Introduction Shareholders are referred to the announcement published on SENS on Thursday, 20 June 2013 informing Shareholders that that the board of directors of Civcon Construction Proprietary Limited (“Civcon”), Erbacon’s major operating subsidiary, had filed a resolution with the CIPC to commence with business rescue proceedings and be placed under supervisions in terms of section 129 of the Companies Act, No 71 of 2008, as amended (“the Companies Act”). 2. Notice of meeting of creditors Shareholders are advised that a proposed business rescue plan has been issued and accordingly, in accordance with section 151 of the Companies Act, the creditors of Civcon have been given notice that on Friday, 27 September 2013 a meeting will be held whereat the business rescue practitioner will present his proposed business rescue plan for consideration and possible adoption by creditors (“the Proposed Business Rescue Plan”). 3. Cautionary announcement Erbacon shares (due to Civcon being the greater part of Erbacon’s undertaking) were suspended, in terms of paragraph 1.9(a)(iii) on the JSE Listing Requirements on 20 June 2013. Shareholders are further advised that the Proposed Business Rescue Plan, if adopted, might have a material impact on the value of the Company’s securities and shareholders are accordingly advised to exercise caution when dealing in the Company`s securities until further information with respect to the above mentioned matter is provided. Johannesburg 20 September 2013 Designated Advisor: PSG Capital Date: 20/09/2013 02:40:00 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.