Update on the specific issue of shares relating to the acquisition of Reinhardt Transport Group Proprietary Limited LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 (“Labat” or “the company”) UPDATE ON THE SPECIFIC ISSUE OF SHARES RELATING TO THE ACQUISITION OF REINHARDT TRANSPORT GROUP PROPRIETARY LIMITED (“RTG”) AND VOTING POOL AGREEMENT Labat shareholders are referred to the announcement dated 8 January 2015 and are advised that the finalisation of written agreements between the RTG Vendor and BEE groupings is still in process. In addition, the controlling shareholder of Labat, Link Private Equity Investments Proprietary Limited is entering into a voting pool agreement with, inter alia, the RTG Vendor which will be signed ahead of the listing of the shares. An application to list the shares will be submitted to the JSE Limited once the above voting pool and funding agreements have been finalised and signed. Accordingly, a further announcement will be published on the Stock Exchange News Service notifying shareholders of the new listing date and the date of transfer to the Main Board. By order of the board 15 January 2016 Johannesburg Sponsor Arbor Capital Sponsors Proprietary Limited Date: 15/01/2016 03:46:00 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.