Dealings in Securities by Directors and Associates of a Director Pursuant to the Conduit Capital Rights Offer CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 (“Conduit Capital”) DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF A DIRECTOR PURSUANT TO THE CONDUIT CAPITAL RIGHTS OFFER Shareholders are advised that pursuant to the Conduit Capital Rights Offer, which closed on Friday, 11 December 2015, certain directors and associates of a director of Conduit Capital elected to follow their rights and accordingly, in compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Mr Lourens Louw Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 11 December 2015 Price per security: R2.00 Number of securities: 325 000 Total value: R650 000 Name of director: Mr Gavin Toet Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 11 December 2015 Price per security: R2.00 Number of securities: 210 000 Total value: R420 000 Name of director: Mr Robert Shaw Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 11 December 2015 Price per security: R2.00 Number of securities: 50 000 Total value: R100 000 Name of director: Mr Sean Riskowitz Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Indirect non-beneficial Date of transaction: 11 December 2015 Price per security: R2.00 Name of associate: Midbrook Lane Proprietary Limited Relationship of director to associate: Executive Director Number of securities: 2 220 513 Total value: R4 441 026 Name of associate: Protea Asset Management LLC (“Protea”) for the benefit of accounts managed by Protea which, amongst others, includes Ithuba Investments LP Relationship of director to associate: Managing Member Number of securities: 10 453 940* Total value: R20 907 880 *Includes 1 476 619 rights offer shares taken up by the underwriter, Ithuba Investments LP. Johannesburg 15 December 2015 Sponsor Merchantec Capital Date: 15/12/2015 03:15:00 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.