Amendment to the disposal of interests in Exclusive Books TIMES MEDIA GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/009392/06) Ordinary Share Code: TMG Ordinary share ISIN: ZAE 000169272 (“the Company” or “Times Media”) AMENDMENT TO THE DISPOSAL OF INTERESTS IN EXCLUSIVE BOOKS Shareholders are referred to the SENS announcement dated 19 September 2013 as well as the press announcement on 20 September 2013, wherein shareholders were advised, inter alia, that Times Media had disposed of 100% of the business, assets and liabilities of Exclusive Books and 40% of the shares and 100% of the claims in Airport Bookshop Proprietary Limited (collectively “Exclusive Books”), in terms of a sale agreement concluded on 19 September 2013 (“Sale Agreement”). Shareholders are hereby advised that Times Media has entered into an addendum to the Sale Agreement and a new sale agreement (“New Sale Agreement”), both dated 9 October 2013, in terms of which the purchaser of Exclusive Books will now be a consortium led by Global Capital Proprietary Limited (in its capacity as the disclosed partner for an en commandite partnership, which includes Benjamin Trisk and Mark Barnes) who replaces Medu Capital Proprietary Limited, acting through Medu III General Partner Proprietary Limited (in its capacity as the disclosed partner of an en commandite partnership). Except for this change the purchasing consortium remains unchanged. The Sale Agreement will therefore be replaced with the New Sale Agreement. The material terms and conditions of the Sale Agreement, as announced on SENS on 19 September 2013, remain the same in the New Sale Agreement, save for the change in the purchaser as set out above. 9 October 2013 Johannesburg Sponsor PSG Capital Financial Advisor Rand Merchant Bank Legal advisor Edward Nathan Sonnenbergs Inc Date: 09/10/2013 11:10:00 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.