Repurchase Announcement Mazor Group Limited (Incorporated in the Republic of South Africa) (Registration number: 2007/017221/06) Share code: MZR ISIN: ZAE00109823 ("Mazor" or "the company") REPURCHASE ANNOUNCEMENT 1. Introduction Mazor herewith announces the repurchase of 3,692,089 (3.04% of the issued ordinary shares) Mazor ordinary shares, since and in accordance with the general authority granted by Mazor shareholders at the annual general meeting held on 30 June 2014 (“the repurchase”). 2. Implementation Details are as follows: • Total number of ordinary shares repurchased: 3,692,089 • Total Value of ordinary shares repurchased: R4,788,931 • Highest price paid per ordinary share: R1.31 • Lowest price paid per ordinary shares: R1.23 • The number of shares which may still be repurchased by the Company in terms of the general authority: 20,608,222 • The percentage of ordinary shares which may still be repurchases by the Company in terms of the general authority: 16.96% • Number of shares held in treasury after the repurchase: 6,147,426 The 3,692,089 Mazor ordinary shares will not be cancelled at this stage and as a result will be held as treasury shares for the time being. The repurchases were effected through the order book operated by the JSE limited (“JSE”) and done without any prior understanding or arrangement between the Company and the counter parties. The repurchases were effected between 18 December 2014 and 12 February 2015. 3. Source of funds Repurchases to date have been funded from available company cash resources. 4. Opinion of the directors The directors of Mazor have considered the impact of the repurchases and are of the opinion that: • Mazor and the group will be able, in the ordinary course of business, to pay its debts for a period of 12 months from the date of this announcement; • the assets of Mazor and the group will be in excess of the liabilities of the Company and the group for a period of 12 months after the date of this announcement, measured in accordance with the accounting policies used in the last published audited financial statements; • the ordinary share capital and reserves of Mazor and the group will be adequate for ordinary business purposes for a period of 12 months from the date of this announcement; and • the working capital of Mazor and the group will be adequate for ordinary business purposes for a period of 12 months from the date of this announcement. 5. Impact of the repurchase on financial information The result of the repurchases on the financial information is limited to a reduction in cash of R4,788,931 and an increase in treasury shares to 6,147,426 ordinary shares. There will be no impact on the issued share capital of the Company. Cape Town 16 February 2015 Sponsor: Bridge Capital Date: 16/02/2015 02:00:00 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.