Disclosure of beneficial interests in Tsogo Sun securities and changes to the board of directors Tsogo Sun Holdings Limited (Incorporated in South Africa) Registration number 1989/002108/06 Share code: TSH ISIN: ZAE000156238 (“Tsogo Sun” or the “Company”) DISCLOSURE OF BENEFICIAL INTERESTS IN TSOGO SUN SECURITIES AND CHANGES TO THE BOARD OF DIRECTORS In accordance with section 122(3)(b) of the Companies Act, No 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Tsogo Sun shareholders are advised that the Company has received formal notification that SABSA Holdings Limited has disposed of its entire beneficial interest in the securities of the Company following the approval and implementation of the resolutions proposed and passed at the general meeting of Tsogo Sun shareholders convened on Tuesday, 5 August 2014. Shareholders of Tsogo Sun are further advised that pursuant to the aforesaid disposal, the board of directors of the Company (the “Board”) has been restructured and accordingly, non-executive directors on the Board, Jamie Wilson, Malcolm Wyman, John Davidson and Jabu Mabuza all resigned with effect from 28 August 2014 (Jabu Mabuza also thereby relinquished his role as non-executive deputy chairman of the Company). On behalf of the Board, Tsogo Sun Chairman, John Copelyn, thanked the directors for their contribution to the Tsogo Sun Group. Fourways 29 August 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 29/08/2014 08:32:00 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.