CADIZ HOLDINGS LIMITED - Notification of Interest in Shares

Notification of Interest in Shares

Cadiz Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/007258/06)
Share code: CDZ    ISIN: ZAE000017661
(the “Company”)

DISCLOSURE OF SHARE TRANSACTIONS

In accordance with section 122(3)(b) of the Companies Act 71 of
2008 (the “Act”) and section 3.83(b) of the JSE Listing
Requirements, holders of ordinary shares in the Company are
advised that:

•   Regarding Capital Management (Pty) Ltd has notified the Company
    that it, on behalf of its clients, disposed of ordinary shares
    in the Company such that the accounts under its management now
    represent a beneficial interest of 19% in the ordinary shares
    of the Company; and
•   Blackstar (Cyprus) Investors Ltd has notified the Company that
    it acquired ordinary shares in the Company such that it now
    holds a beneficial interest of 9% in the ordinary shares of the
    Company.

25 November 2014
Cape Town

Sponsor: Investec Bank Limited

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