Withdrawal of cautionary announcement Blue Financial Services Limited (Incorporated in the Republic of South Africa) (Registration Number: 1996/006595/06) JSE Share code: BFS ISIN: ZAE000083655 (“Blue” or the “Company” or the “Group”) WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Introduction 1. Shareholders are referred to the cautionary announcement published on the Stock Exchange News Service (“SENS”) of the JSE Limited on 21 January 2013 and the subsequent renewal of cautionary announcement published 4 March, 16 April, 29 May, 26 June 2013, 13 August 2013 and 28 October 2013, whereby Shareholders were advised that the Company is in negotiations with Mayibuye Group Proprietary Limited (“Mayibuye”), the 54% controlling shareholder of Blue and therefore a related party. 2. The negotiations pertain to the proposed further recapitalisation of the Company. Withdrawal of cautionary announcement 3. Shareholders are hereby advised that in light of the fact that the Company’s financial results for the year ended 28 February 2013 and the interim results for the six months ended 31 August 2013 (“the results”) will only be released in the first quarter of 2014 as announced on SENS 6 December 2013, the discussions have been terminated. The Company will re-consider entering into negotiations once the results have been released. 4. Based on the above, caution is no longer required to be exercised by shareholders when dealing in their securities. Johannesburg 6 November 2013 Designated Adviser to Blue Grindrod Bank Limited Date: 06/12/2013 03:55:00 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.