General repurchase of shares Infrasors Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2007/002405/06) Share code: IRA ISIN: ZAE 000101507 (“Infrasors” or “the Company” or “the group”) GENERAL REPURCHASE OF ORDINARY SHARES 1. Introduction In terms of section 11.27 of the JSE Listings Requirements, Infrasors herewith announces the cumulative repurchase of 7 121 265 (4.36% of the issued ordinary shares) Infrasors ordinary shares, since and in accordance with the general authority granted by Infrasors shareholders at the annual general meeting held on 28 October 2014 (“the repurchase”). 2. Implementation Details are as follows: - Total number of ordinary shares repurchased: 7 121 265 - Total Value of ordinary shares repurchased: R9 611 089 - Highest price paid per ordinary share: R1.35 - Lowest price paid per ordinary shares: R1.14 - The number of shares which may still be repurchased by the Company in terms of the general authority: 6 917 895 - The percentage of ordinary shares which may still be repurchased by the Company in terms of the general authority: 4.23% - Number of shares held in treasury after the repurchase to date: 7 318 765 - The 7 318 765 Infrasors ordinary shares will not be cancelled and will be held as treasury shares until the date when the company is delisted when the treasury shares will be cancelled. - The repurchases were effected through the order book operated by the JSE limited (“JSE”) and done without any prior understanding or arrangement between the Company and the counter parties. - The repurchases were effected between 28 October 2014 and 31 August 2015. 3. Source of funds The repurchases to date have been funded from available Company cash resources. 4. Opinion of the directors The directors of Infrasors have considered the impact of the repurchases and are of the opinion that: - Infrasors and the group will be able, in the ordinary course of business, to pay its debts for a period of 12 months from the date of this announcement - the assets of Infrasors and the group will be in excess of the liabilities of the Company and the group for a period of 12 months after the date of this announcement, measured in accordance with the accounting policies used in the last published audited financial statements; - the ordinary share capital and reserves of Infrasors and the group will be adequate for - ordinary business purposes for a period of 12 months from the date of this announcement; and - the working capital of Infrasors and the group will be adequate for ordinary business purposes for a period of 12 months from the date of this announcement. 5. Impact of the repurchase on financial information The result of the repurchases on the financial information is limited to a reduction in cash of R9 611 889 and an increase in treasury shares to 7 318 765 ordinary shares. There will be no impact on the issued share capital of the Company. Johannesburg 1 September 2015 Sponsor: Bridge Capital Advisors (Proprietary) Limited Date: 01/09/2015 02:52:00 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.