Announcement iro the Approved Business Rescue Plan, the Delisting of the Company and Withdrawal of Cautionary UBUBELE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/011074/06) Share code: UBU ISIN Code: ZAE000144739 (“Ububele” or “the Company”) ANNOUNCEMENT RELATING TO THE APPROVED BUSINESS RESCUE PLAN, THE DELISTING OF THE COMPANY AND A WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT 1. BUSINESS RESCUE PLAN Shareholders are referred to the business rescue plan of the Company (“the Business Rescue Plan”), as approved by creditors on 24 March 2015 and published on the website of the appointed business rescue practitioners of the Company (“BRPs”), being http://brilliantcareersatmazars.co.za/ububele. In terms of the Business Rescue Plan, the Company’s subsidiaries have sold a limited number of operating entities and assets, the proceeds of which will be utilised to settle the claims of the creditors of the operating entities. The only asset of Ububele apart from its shares in subsidiaries is a claim in the amount of NAD$1 689 689.50 (“the Mediva Fee”) in respect of management fees due but unpaid by a Namibian company, Mediva Group Holdings Proprietary Limited. The Mediva Fee will be repaid in 8 equal instalments, with the first instalment to be utilised to settle any legal expenses incurred in connection with claims arising from the business rescue process and the balance to be paid to the Land Bank, by virtue of a cession agreement concluded between the Company and the Land Bank as security for post-commencement finance advanced by the Land Bank to the Company. As a result of the aforesaid, the Company is effectively a shell with no assets or liabilities and as such, shareholders will receive no value for their shares. 2. DELISTING OF UBUBELE Shareholders are accordingly hereby advised that the Company will apply to the JSE Limited (“JSE”) to delist from the Alternative Exchange of the JSE, as: 2.1 the Company no longer complies with the requirements for a continued listing on the JSE and the shares of the Company have been suspended since 26 August 2014; 2.2 no distribution will be paid to shareholders of the Company; and 2.3 it is in the public interest to do so. 3. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are further referred to the renewal of cautionary announcement released on SENS on 30 March 2015, and are advised that, due to the above disclosure, caution is no longer required to be exercised by shareholders when dealing in their securities. 14 May 2015 Cape Town Designated Adviser PSG Capital Proprietary Limited Date: 14/05/2015 05:21:00 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.