Declaration of special cash dividend SABVEST LIMITED (Incorporated in the Republic of South Africa) Registration number 1987/003753/06 ISIN: ZAE000006417 – ordinary shares ISIN: ZAE000012043 – “N” ordinary shares Share code: SBV – ordinary shares Share code: SVN – “N” ordinary shares (“Sabvest” or “the Company”) DECLARATION OF SPECIAL CASH DIVIDEND Shareholders are referred to the Company's announcement on 29 October 2013 in which shareholders were advised that the Board was considering ways to utilise its STC credits of 312c to the benefit of shareholders prior to the expiry of the credits in 2015. Notice is hereby given that the directors have declared a special cash dividend of 100 cents per ordinary and N ordinary share out of income reserves. The Company has utilised STC credits amounting to 100 cents per share. As a result there will be no dividend withholding tax from the special dividend for any Sabvest shareholders including those who are not exempt by definition. The Company's unutilised STC credits after the special dividend will be 212 cents per share. The issued share capital of the Company at the declaration date is 17 295 984 ordinary shares and 29 479 854 N ordinary shares. The income tax number of the Company is 9375/105/716. The following dates apply to the dividend: Last date to trade CUM dividend 18 December 2013 Trading EX dividend commences 19 December 2013 Record date 27 December 2013 Dividend payment date 30 December 2013 No dematerialisation or rematerialisation of share certificates will be allowed during the period 19 December 2013 to 27 December 2013, both days inclusive. Shareholders are further advised that the Company will fund the dividend from cash on hand, the sale of some investments in its RSA listed portfolio and the early repayment of share trust receivables. Sandton 3 December 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/12/2013 03:58:00 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.