TSOGO SUN HOLDINGS LIMITED - Tsogo Sun announces the granting of regulatory approvals for the expansion of the Suncoast Casino

Tsogo Sun announces the granting of regulatory approvals for the expansion of the Suncoast Casino

Tsogo Sun Holdings Limited

Incorporated in the Republic of South Africa

(Registration number 1989/002108/06)

Share code: TSH

ISIN: ZAE000156238

(“Tsogo Sun” or “the Group”)

TSOGO SUN ANNOUNCES THE GRANTING OF REGULATORY APPROVALS FOR THE EXPANSION OF
THE SUNCOAST CASINO AND ENTERTAINMENT WORLD IN DURBAN KWAZULU-NATAL



Tsogo Sun is pleased to announce that the Group has received the requisite regulatory approvals for
the significant expansion of the Suncoast Casino and Entertainment World in Durban, KwaZulu-
Natal.

These include approvals obtained from the KwaZulu-Natal Gaming and Betting Board (“the
KZNGBB”) for the amendment to the Suncoast Casino licence conditions, and from the eThekwini
Metropolitan Municipal Council for the amendment of the Integrated Development Plan for the
Suncoast Casino precinct.

In terms of the application approved by the KZNGBB, Tsogo Sun will make an amount of R100 million
available to be spent on charitable or social infrastructural developments in the KwaZulu-Natal
province.

The key components of the expansion proposed for the Suncoast Casino precinct include:

    *   A 22,000sqm destination retail mall;

    *   Additional restaurants and entertainment offerings;

    *   A 2,000 seat multipurpose venue;

    *   Resort style roof top swimming pools;

    *   Additional parking; and

    *   An expansion of the casino floor to incorporate an additional 900 gaming machines and 16
        gaming tables.

The project will now move into the detailed design development phase with construction expected
to commence in 2015 with three years to completion. The total estimated cost of the development
is R1.8 billion.

Tsogo Sun’s CEO Marcel von Aulock said that the Group was delighted that the Provincial
Government, the KZNGBB and eThekwini Metropolitan Municipal Council had seen the value offered
to the Durban city and the KwaZulu-Natal Province through this proposed development, which
represents the largest single investment into the Durban beach front area in history.

City Manager of the Ethekwini Metropolitan Municipal Council, Mr. Sibusiso Sithole said that he was
delighted with the continued faith shown in the Durban city and broader KwaZulu-Natal Province by
Tsogo Sun and that a development of this scale would be a significant catalyst for the continued
rejuvenation of the Durban beach front, which has been strongly supported by the City through the
redevelopment of the promenade and its subsequent extension.



Fourways

19 August 2014



Sponsor

Deutsche Securities (SA) Proprietary Limited

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