Dealings by an associate of a director AH-VEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1989/000100/06) Share code: AHL ISIN code: ZAE000129177 (“AH-Vest” or “the Company”) DEALINGS BY AN ASSOCIATE OF A DIRECTOR Shareholders are advised that Eastern Trading Proprietary Limited (“Eastern Trading”), the controlling shareholder in AH-Vest and an associate of executive director, Mr I Darsot, has agreed to acquire a 61% interest, from 6 separate shareholders, in Farm Foods Proprietary Limited (“Farm Foods”), which owns 23 802 500 shares in AH-Vest, equating to a 23.34% interest in AH- Vest. The attorneys have been instructed to prepare formal written documentation recording the agreement arrived at in due course. Given the general shutdown in respect of end of the year vacations the agreement will only be finalised and ready for signature in the New Year, which will be a closed period in terms of the JSE Listings Requirements. The remaining terms to be included in the agreement relate to normal warranties expected in relation to an acquisition of a private company. In accordance with paragraph 3.63 of the JSE Listings Requirements the following director’s dealing is disclosed in accordance with the key terms that have been agreed between the parties: Name of director: I Darsot Name of associate: Eastern Trading Relationship with director: Direct beneficial shareholder and director of associate Nature of transaction: Purchase of 61% shareholding in a private company holding 23 802 500 shares in AH-Vest Date of transaction: To be advised Class of securities: Ordinary shares Number of securities: 14 519 525 (being 61% of 23 802 500 shares in AH-Vest) Purchase price: 17.86 cents per share Total value of transaction: R2 593 187.19 Nature of interest: Indirect beneficial Extent of interest: 14.24% Nature of trade: Off-market Clearance to deal: Yes Notification in terms of Section 122 of the Companies Act, 2008 (No. 71 of 2008) will be advised once the agreement to give effect to the sale of 61% of Farm Foods is signed by all parties. Johannesburg 23 December 2014 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 23/12/2014 09:10:00 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.