Voluntary Trading Update CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2004/030045/06) Share code: CGR ISIN: ZAE000109203 (“Calgro M3” or “the company”) VOLUNTARY TRADING UPDATE In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. The company is submitting this voluntary trading update to retain transparency as it has been committed to keeping shareholders informed on developments within the group, including anticipated financial results, on an on-going basis. The on-going metal workers strike has brought about a severe shortage in steel based products, which in turn has led to infrastructure installation and construction delays. Due to the said shortages, activity on various sites has come to a near halt. Accordingly the company is not in a position to provide any certainty as to the percentage increase in its half-year results. It can however be confirmed that there will be no decrease in either Headline Earnings per share or Earnings per share when compared to the previous corresponding period. It is with great pleasure that the company can announce that it has been awarded the Best Informal Settlement Project, Best FLISP Project, Best Social Housing Project and Best Integrated Project awards at the 2014 Govan Mbeki, Gauteng Department of Human Settlement Awards. This again paves the way for growth of the group’s pipeline. The company has not undertaken any corporate action during the current financial year, when compared to the previous year. The financial information on which this trading statement is based has not been reviewed or reported on by the company’s auditors. Johannesburg 25 July 2014 Sponsor Grindrod Bank Limited Date: 25/07/2014 01:10:00 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.