Response to Competition Commission announcement Group Five Limited (Registration number: 1969/000032/06) (Incorporated in the Republic of South Africa) Share Code: GRF ISIN Code: ZAE 000027405 ("Group Five" or “the Company” or “the Group”) Response to Competition Commission announcement Shareholders are referred to the announcement issued by the Competition Commission (“the Commission”) on 17 March 2015 in respect of the Commission's case against Group Five on a particular project, the “Senekal Project” (the rehabilitation of a section of the N5), and are advised that this project has now been referred to the Competition Tribunal (“the Tribunal”). Shareholders are referred to Group Five’s previous public announcements in this regard, most recently the Group’s interim results released on SENS on 11 February 2015, in which the Group advised that it was implicated by the Commission in four projects which were not protected by immunity and which were not settled by Group Five due to discernible factual and evidentiary discrepancies in the Commission's case. Last month the Commission elected not to proceed further in respect of one of these implicated projects, meaning Group Five now remains implicated in three projects. As mentioned above, the Senekal Project was referred to the Tribunal on 17 March 2015 and, as previously announced on 12 November 2014, the "World Cup Stadia" has also been referred to the Tribunal. One case therefore remains outstanding, which may or may not be referred to the Tribunal, subject to the Commission’s further investigations. Group Five’s lawyers have advised that there are evidentiary hurdles in the Commission's case in respect of the two referred projects and that the Group has good prospects of success in opposing the Commission's referral of the matters. The Company considers the referral of the projects a positive step towards fully ventilating the issues in respect of the alleged conduct, interrogating the evidence in the possession of the Commission and obtaining an objective decision on the Group's liability from the Tribunal. Whilst Group Five has been advised not to make any specific comments on the quantum of any potential administrative penalty that may arise in respect of the projects, Group Five confirms that it believes it is adequately covered by the provision raised in the 2013 financial year against any potential penalty imposition. Johannesburg 18 March 2015 Sponsor Nedbank Capital Date: 18/03/2015 05:15:00 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.