NOTICE OF REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS - IDW002 Idwala Industrial Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 2004/003462/06) ISIN: ZAG000097049 (“Idwala” or “the Issuer”) NOTICE OF REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS IN ACCORDANCE WITH CONDITION 19.3 OF THE TERMS AND CONDITIONS 1. The Issuer has delivered a voluntary redemption notice (Voluntary Redemption Notice) to GMG Trust Company SA Proprietary Limited (the Trustee) on behalf of the Noteholders on 5 June 2014 in accordance with Condition 10.3 (Redemption at the Option of the Issuer) of the Terms and Conditions (defined below) of the Programme Memorandum (as defined below) as amended by paragraph 36 (Redemption at the Option of the Issuer) of the Applicable Pricing Supplement (defined below) in terms of which the Issuer indicates its intention to voluntary redeem ZAR75,000,000 (Seventy Five Million Rand) Floating Rate Senior Secured Notes (Stock Code IDW002) due 30 June 2016 (the Subject Amortising Notes) issued by the Issuer on the terms and conditions (the Terms and Conditions) of the Programme Memorandum prepared by the Issuer dated 22 June 2012 (the Programme Memorandum), as completed and/or supplemented by the Applicable Pricing Supplement dated 5 July 2012 (the Applicable Pricing Supplement) in respect of ZAR355,000,000 Floating Rate Senior Secured Notes due 30 June 2016 (the Permitted Amortising Notes) on 30 June 2014. 2. Condition 10.3 read with Paragraph 36(c) of the Applicable Pricing Supplement provides that the Issuer shall be entitled to redeem Permitted Amortising Notes on any Floating Interest Payment Date after the Issue Date on giving not less than 20 Business Days’ notice (nor more than 60 (sixty) days’ notice) to the Noteholders prior to such redemption. 3. The Issuer hereby requests that Noteholders: 3.1. waive the requirement that the Noteholders be given at least 20 Business Days prior notice before the Subject Amortising Notes can be redeemed; and 3.2. agree to such redemption taking place on 30 June 2014 by completing the Consent Notice and delivering same to the registered office of Strate Limited and a copy thereof to the CSD Participant (that provided them with the Consent Notice) and to FirstRand Bank Limited (acting through its Rand Merchant Bank division) by no later than Thursday 17h00 on 20 June 2014 in accordance with the terms and conditions. 05 June 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 05/06/2014 03:50:00 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.