CSG HOLDINGS LIMITED - Notice in terms of section 45 of the Companies Act

Notice in terms of section 45 of the Companies Act

CSG HOLDINGS LIMITED
 (Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN code: ZAE000184438
("CSG” or “the Company”)

NOTICE TO SHAREHOLDERS OF CSG (“Shareholders”) IN TERMS OF SECTION 45(5) OF THE
COMPANIES ACT, 71 OF 2008, AS AMENDED (“the Companies Act”)

Notice is hereby given in accordance with section 45(5) of the Companies Act, that pursuant to the
authority granted to the board of directors of CSG (“the Board”) by the Shareholders at the annual
general meeting held on 16 November 2015, the Board has adopted a resolution to provide financial
assistance to a related entity as contemplated in section 45(2) of the Companies Act.

The resolution passed by the Board on 16 November 2015 authorises the Company to provide
financial assistance to its subsidiaries, as envisaged in terms of section 45 of the Companies Act
(“the Financial Assistance”).

The Board prior to authorising the Financial Assistance considered and satisfied itself, in terms of
section 45 of the Companies Act, that:

    1. immediately after providing the Financial Assistance, the Company would satisfy the solvency
       and liquidity test as contemplated in section 4 of the Companies Act;

    2. there has been due compliance with the Company’s memorandum of incorporation and with
       the Companies Act; and

    3. the terms of the Financial Assistance are fair and reasonable in relation to the Company.

17 November 2015
Johannesburg

Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)

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