Finalisation Announcement Southern Electricity Company Limited (Incorporated in the Republic of South Africa) (Registration number 1997/006894/06) Share code: SLO & ISIN: ZAE000041919 ("SELCo" or "the company") FINALISATION ANNOUNCEMENT 1. INTRODUCTION SELCo shareholders are referred to the firm intention announcement made by Rural Maintenance Proprietary Limited (“Rural Maintenance”) on 25 September 2013, as well as to the circular issued to SELCo shareholders on 30 October 2013 (“Circular”), regarding the terms on which Rural Maintenance intended acquiring the entire issued ordinary share capital of SELCo, excluding the ordinary shares held by Resource Management Integration Group Limited, ("REMIG")(“Scheme Shares”) by way of a scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, as amended (“Companies Act”), (“Scheme”) (“Proposed Transaction”). 2. CONDITIONS PRECEDENT Shareholders are advised that all the conditions precedent to the Scheme, as detailed in the Circular, have now been fulfilled and that the Scheme is now effective. 3. SALIENT DATES AND TIMES The remaining salient dates and times relating to the finalisation and implementation of the Scheme (“Timetable”) are set out hereunder for shareholders’ information. Words and expressions in the Timetable and notes thereto shall have the same meaning as assigned to them in the Circular. 2013 Finalisation announcement released on SENS Tuesday, 17 December Last day to trade in SELCo shares in order to be recorded in the register to receive Tuesday, 24 the scheme consideration December Suspension of listing of SELCo shares on the Friday, 27 JSE at commencement of trading on December 2014 Scheme consideration record date, being the date on which scheme participants must be recorded in the register to receive the Friday, 3 scheme consideration, by close of trading on January Operative date of the Scheme Monday, 6 January Scheme consideration paid/posted to certificated scheme participants (if documents of title are received on or prior to 12:00 on the scheme consideration record Monday, 6 date) on or about January Dematerialised scheme participants’ accounts held at their CSDP or broker credited with Monday, 6 the scheme consideration on or about January Termination of listing of SELCo shares on the JSE at the commencement of trading on or Tuesday, 7 about January Notes: 1. All times given are local times in South Africa. 2. Share certificates may not be dematerialised after Tuesday, 24 December 2013. Pretoria 17 December 2013 Sponsor: Grindrod Bank Limited Legal advisor to SELCo: Webber Wentzel Date: 17/12/2013 09:20:00 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.