Results of the Ububele Rights Offer Ububele Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/011074/06) Share code: UBU ISIN Code: ZAE000144739 (“Ububele” or “the Company”) RESULTS OF THE UBUBELE RIGHTS OFFER Shareholders are referred to the announcements published on the Stock Exchange News Service of the JSE Limited on 6 March 2014 and 26 March 2014 and the circular dated 1 April 2014, relating to the Ububele rights offer (“the Rights Offer”). In terms of the Rights Offer, Ububele offered 53 336 464 new Ububele ordinary shares (“the Rights Offer Shares”) to qualifying Ububele shareholders in the ratio of 29.89413 Rights Offer Shares for every 100 Ububele ordinary shares held on the Rights Offer record date. The Rights Offer was underwritten by Rovic Agri Proprietary Limited (“the Underwriter”) who, in terms of the underwriting agreement, also had the right to place any Rights Offer Shares not subscribed for by Ububele shareholders or the Underwriter, with third parties. The results of the Rights Offer, which closed on Thursday, 17 April 2014, are as follows: Number of Rights % of Rights Offer Offer Shares Shares Rights Offer Shares 53 336 464 100% available for subscription Rights Offer Shares 6 122 109 11.478% subscribed for by Ububele shareholders Rights Offer Shares 26 000 000 48.747% to be issued to the Underwriter Rights Offer Shares 21 214 355 39.775% placed with third parties by the Underwriter Ububele shareholders who have subscribed for the Rights Offer are advised that: (i) share certificates will be posted to the holders of certificated Ububele shares on or about Tuesday, 22 April 2014; and (ii) the Central Securities Depository Participant (“CSDP”) or broker accounts of holders of dematerialised Ububele shares will be credited with the Rights Offer Shares and debited with any payments due on Tuesday, 22 April 2014. 22 April 2014 Designated Adviser PSG Capital (Pty) Limited Date: 22/04/2014 03:53:00 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.