Declaration of Dividend WINHOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1945/019679/06) Share code WNH ISIN ZAE000033916 (“the company”) DECLARATION OF DIVIDEND NO 14 The board is pleased to announce the declaration of a dividend of 7 cents per ordinary share in respect of the financial year ended 30 September 2015. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed: - the dividend has been declared out of current year income - the local Dividends Tax rate is 15% - the gross local dividend amount is 7 cents per share for shareholders exempt from Dividends Tax - the net local dividend amount is 7 cents less 15% per share for shareholders liable for Dividends Tax (5,95 cents per share) - the company has 126 215 131 ordinary shares in issue - the company’s income tax reference number is 9775 223 713 The following dates are applicable to the dividend: The last date to trade in order to be eligible for the dividend will be Friday, 19 February 2016 Shares will trade ex-dividend from Monday, 22 February 2016 The record date will be Friday, 26 February 2016 and payment will be made on Monday, 29 February 2016 Share certificates may not be dematerialised/ rematerialised between Monday, 22 February 2016 and Friday, 26 February 2016, both days inclusive. By order of the Board GJ O’Connor Company Secretary 24 November 2015 Registered Office 884 Linton Jones Street Industries East Germiston Transfer secretaries Computershare Investor Services Proprietary Limited 70 Marshall Street Johannesburg Sponsor Arbor Capital Sponsors Proprietary Limited Date: 24/11/2015 05:06:00 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.