Dealing in securities by directors CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2005/027663/06) Share code: CGR ISIN: ZAE000109203 (“Calgro M3” or “the company” or “the Group”) DEALING IN SECURITIES BY DIRECTORS In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements, the following dealing in securities by a director should be noted: Name of company : CALGRO M3 HOLDINGS LIMITED Name of director : Brand Malherbe, an executive director of Calgro M3 Class of securities : Ordinary shares in Calgro M3 Nature of transaction : An off-market sale by Hendrik Brand Trust Nature of interests : Indirect beneficial Date of transaction : 17 July 2014 No of shares : 1,000,000 Price : 800 cents per share Value of transaction : R8,000,000 On-/Off-market : Off-market Name of company : CALGRO M3 HOLDINGS LIMITED Name of director : Deon Steyn, an executive director of Calgro M3 Class of securities : Ordinary shares in Calgro M3 Nature of transactions : An on-market sale by DNS Trust Nature of interests : Indirect beneficial Date of transactions : 17 July 2014 No of shares : 200,000 Price : Average of 830 cents per share (lowest and highest trading prices for the day is 825 cents and 836 cents respectively) Value of transactions : R1,660,185.41 On-/Off-market : On-market Name of company : CALGRO M3 HOLDINGS LIMITED Name of director : Brand Malherbe, an executive director of Calgro M3 Class of securities : Ordinary shares in Calgro M3 Nature of transaction : An on-market sale by Hendrik Brand Trust Nature of interests : Indirect beneficial Date of transaction : 18 July 2014 No of shares : 150,000 Price : 810 cents per share Value of transaction : R1,215,000 On-/Off-market : On-market Name of company : CALGRO M3 HOLDINGS LIMITED Name of director : Deon Steyn, an executive director of Calgro M3 Class of securities : Ordinary shares in Calgro M3 Nature of transaction : An on-market sale by DNS Trust Nature of interests : Indirect beneficial Date of transaction : 18 July 2014 No of shares : 300,000 Price : 810 cents per share Value of transaction : R2,430,000 On-/Off-market : On-market * Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements. Johannesburg 21 July 2014 Sponsor Grindrod Bank Limited Date: 21/07/2014 04:51:00 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.