Conclusion of RTG transaction and update on specific issue of shares LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 (“Labat” or “the company”) CONCLUSION OF ACQUSITION OF REINHARDT TRANSPORT GROUP PROPRIETARY LIMITED AND FURTHER ANNOUNCEMENT RELATING TO THE SPECIFIC OFFER Labat shareholders are referred to the circular dated 18 November 2015 which contained salient dates of the Private Placing and which offer opened on Monday, 21 December 2015 and is due to close at 12h00 on Friday, 8 January 2016. The directors are pleased to advise that applications far exceeding the required R375m have been received from certain strategic value-adding and substantial BEE investors, which applications have been accepted by the Company but may need to be pro-rated. The Company is pleased to advise that it has secured agreement from the RTG Vendor to allow for bridging funding to the BEE groupings for the R330m required to conclude the RTG Acquisition, whilst the funding of the various BEE companies is being finalised. This allows for the acquisition to be concluded unconditionally and the shares in relation to the RTG acquisition will be listed on or about 15 January 2016. The balance of the shares for the additional R45m will only be listed once the cash is received. The results of the offer will be announced in due course as well as the date of the transfer of the listing to the Main Board. The Labat board of directors extends its welcome to the RTG team. By order of the board 8 January 2016 Johannesburg Sponsor Arbor Capital Sponsors Proprietary Limited Date: 08/01/2016 12:52:00 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.