Renewal of Cautionary Announcement JOHN DANIEL HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: JDH - ISIN: ZAE000136677 ("the Company" or "JDH" or "the Group") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the detailed cautionary announcement released on SENS on 7 November 2013 and are advised that: (i) the terms of the proposed rights offer are still being finalised; (ii) negotiations in respect of the acquisition of a number of growth assets from Escalator Capital as well as other non-related parties are still in progress; and (iii) the purchaser of the manufacturing assets to be disposed of has completed its due diligence investigation and has notified JDH of its intention to proceed with the acquisition subject to: (a) the conclusion of an amendment to the disposal agreement providing for: - a reduction in the purchase price from R6 million to R5 million; and - additional warranties to the benefit of the purchaser, which amended agreement was signed on 20 December 2013; and (b) the fulfillment of the remaining conditions precedent. Shareholders are accordingly advised to continue to exercise caution when dealing in the Company’s securities until such time as a full announcement detailing the terms of the rights offer and the proposed acquisitions and advising of the fulfillment of the remaining conditions precedent in respect of the proposed disposal has been made. Johannesburg 20 December 2013 Sponsor Arcay Moela Sponsors Proprietary Limited Date: 20/12/2013 05:48:00 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.