Results of Private Placement Gaia Infrastructure Capital Limited (previously Gaia Capital Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number 2015/115237/06) Share Code: GAI ISIN ZAE000210555) (“Gaia” or “the Company”) RESULTS OF PRIVATE PLACEMENT Shareholders are referred to Gaia’s pre-listing statement dated 2 November 2015 (“PLS”), as well as the Company’s abridged pre-listing statement announced on SENS on the same date, and are advised that the Company’s private placement closed at 12:00 on Friday, 6 November 2015, as per the previously announced timetable. Unless the context indicates to the contrary, capitalised terms not defined herein shall bear the meaning ascribed thereto in the PLS. Gaia successfully raised R551 500 000 through the issue of 55 150 000 new shares in the Company to invited investors. The above placement of new shares with invited investors occurred at a price of R10.00 per share. Following the issue of the new shares, the Company shall have 55 151 000 shares in issue. Subject to final approval by the JSE, Gaia’s listing on the main board of the JSE is expected to commence on Thursday, 12 November 2015 under the “Non-Equity Investment Instruments” section of the JSE list. Following the proposed listing of Gaia as a SPAC, Gaia will seek to acquire Viable Assets as detailed in the PLS. Any acquisition of Viable Assets will be subject to Shareholder approval. PSG Capital acted as sole bookrunner for the private placement. Cape Town 9 November 2015 Corporate advisor, sponsor and sole bookrunner PSG Capital Attorneys to Gaia Edward Nathan Sonnenbergs Incorporated Date: 09/11/2015 02:51:00 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.