BOWLER METCALF LIMITED - Renewal of cautionary announcement

Renewal of cautionary announcement

Bowler Metcalf Limited
(Incorporated in the Republic of South Africa)
(Registration number 1972/005921/06)
(“Bowler Metcalf” or “the Company”)
SHARE CODE: BCF, ISIN CODE-ZAE000030797


RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the detailed cautionary announcement on
26 September 2014, which detailed the disposal of Quality Beverages 2000
Proprietary Limited in return for a strategic shareholding in a newly formed
entity, and the renewal of cautionary announcements on 7 November 2014,
19 December 2014 and 4 February 2015 respectively.

The Company is still busy with the legal agreements and pro forma financial
effects and accordingly, shareholders are advised to exercise caution when
dealing in their shares until a further announcement is made.

Cape Town,
18 March 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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