Group Strategy and Cautionary Announcement ROLFES HOLDINGS LIMITED Registration number 2000/002715/06 Share Code: RLF ISIN Code: ZAE000159836 (“the Company”) GROUP STRATEGY AND CAUTIONARY ANNOUNCEMENT Strategy The Rolfes Group’s strategy is built on the global need for food, water, industrial products and infrastructure in developing countries and markets. We are positioning ourselves to provide specialised chemicals and related products and solutions, to support these needs as a significant listed player, primarily in Africa but also in other specific strategically targeted geographical areas, such as Eastern Europe regarding agricultural products. We will achieve this by building a substantial industrial group, targeting four key sectors, being; water, agriculture, food and industrial. We continue to pursue strategic value enhancing acquisitions and organic growth by adding to our product basket. Where necessary we will align with multinational players to gain access to new technology, products and markets. Cautionary In line with our strategy, shareholders are advised that the Company has entered into certain negotiations, which if successfully concluded may have a material effect on the price of the Company`s securities. These negotiations include transactions in respect of: 1. The acquisition of the remaining 30% shareholding in Agchem from the minority shareholders 2. Further expansion into specialty chemicals 3. The disposal of non-core assets These transactions are at various stages of completion and full announcements will be made as soon as definitive transaction and related funding agreements are entered into. Accordingly, shareholders are advised to exercise caution when dealing in the Company`s securities until a further announcement is made. Johannesburg 7 May 2014 Sponsor Grindrod Bank Limited Date: 07/05/2015 10:15:00 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.