Cautionary Announcement International Hotel Group Limited (previously RBDL Investments Limited) (Incorporated in the British Virgin Islands) (Company number 1862176) JSE share code: IHL ISIN: VGG7396G1046 (“IHGL” or the “Company”) CAUTIONARY ANNOUNCEMENT Shareholders are advised that IHGL is in the advanced stages of finalising the acquisition of a prime portfolio of four strategically located London hotels. If concluded, the acquisition will be funded through a combination of debt and fresh equity capital. Having regard to the size and potential impact of the acquisition on the Company, IHGL shareholders are advised to exercise caution when trading in their shares in the Company until a further announcement in relation to the potential acquisition is made. For further information please contact: M Partners S.à r.l. Luxembourg listing agent +352 263 868 610 Java Capital JSE sponsor +27 (0) 11 722 3050 FTI Consulting South African Public Relations Advisor Max Gebhardt +27 (0) 11 214 2402 Notes to editors: IHGL is a hotel and leisure focused property Investment Company which owns three hotels in the UK. The Company’s shares are currently listed on the Euro MTF Market of the Luxembourg Stock Exchange, which constitutes its primary listing, and on the AltX of the JSE which constitutes its secondary listing. 6 January 2016 Date: 06/01/2016 01:15:00 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.