Clarification announcement: updated trading statement - EQS, EQS05 - EQS07, EQS08A, EQS09 Eqstra Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1998/011672/06) Share codes: EQS, EQS05, EQS06, EQS07, EQS08A, EQS09 ISINs: ZAE000117123, ZAG000094731, ZAG000104449, ZAG000104506, ZAG000109745, ZAG111089 (“Eqstra” or “the group” or “the company”) CLARIFICATION ANNOUNCEMENT: UPDATED TRADING STATEMENT Shareholders are referred to the announcement released on the Stock Exchange News Service on 24 February 2016, entitled ‘Updated trading statement and notification of interim results presentation’ in which Eqstra reported an anticipated decrease in earnings. The board of Eqstra wishes to clarify the statement in the announcement regarding the ‘the closure of the Benga operations in Mozambique’. Shareholders are advised that the company’s proposed disposal of the Benga assets is ongoing. Once the final terms and conditions are agreed, a further announcement will be made, containing full details of the terms of proposed disposal. A circular will also be issued to Eqstra shareholders, incorporating a Notice of General Meeting containing the necessary resolutions to be approved by shareholders in order to implement the proposed disposal. On the basis that the Benga operations ended on 31 December 2015, the results of these operations will be disclosed in the group’s financial results for the six months ended 31 December 2015 as discontinued operations. An impairment of R438 million has been raised to reduce this related asset valuation to an asset held for sale value. In addition, as part of continuing operations, the group also impaired other excess mining equipment to the value of R736 million. These actions are aligned to group strategy to reduce exposure to the mining sector, exit non-core operations and improve liquidity. These actions take group revenue-generating asset exposure of Contract Mining and Plant Rental from 43% (30 June 2015) to a level of 28% (31 December 2015) as per the board’s commitment to shareholders. The board believes these impairments are necessary for Eqstra ultimately to deliver optimal value to stakeholders. Kempton Park 25 February 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25/02/2016 11:01:00 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.