Dealing In Zeder Shares By An Associate Of A Director ZEDER INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration number: 2006/019240/06 JSE share code: ZED ISIN code: ZAE000088431 (“Zeder”) DEALING IN ZEDER SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR N Celliers COMPANY OF WHICH I AM A Zeder Investments Limited DIRECTOR STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 21 April 2015 (1) 22 April 2015 (2) 23 April 2015 (3) CENTS PER SHARE Low: 896 (1) High: 897 (1) VWAP: 897 (1) Low: 890 (2) High: 896 (2) VWAP: 892 (2) Low: 890 (3) High: 896 (3) VWAP: 891 (3) NUMBER OF SECURITIES TRANSACTED 36 581 (1) 677 385 (2) 61 615 (3) TOTAL RAND VALUE OF SECURITIES R328 031.57 (1) R6 040 655.89 (2) R548 842.06 (3) NAME OF ASSOCIATE Namron Investments (Proprietary) Limited RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a trustee and beneficiary of the shareholder of the associate NATURE OF TRANSACTION Disposal of shares in Zeder to settle share incentive scheme and other debt obligations (On-market transaction) NATURE AND EXTENT OF INTEREST Indirect, Beneficial IN THE TRANSACTION CLEARANCE OBTAINED Yes Clearance to deal in these shares was obtained in accordance with rule 3.66 of the JSE Limited Listings Requirements. 24 April 2015 Stellenbosch Sponsor PSG Capital Date: 24/04/2015 03:50:00 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.