General repurchase of shares York Timber Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1916/004890/06) Share code: YRK ISIN: ZAE000133450 (“York” or the “Company”) GENERAL REPURCHASE OF SHARES 1. INTRODUCTION In terms of paragraphs 5.79 and 11.27 of the JSE Limited Listings Requirements (“JSE”) (“Listings Requirements”), York shareholders are advised that the Company has concluded a general repurchase of 13 072 289 York ordinary shares (“Shares”), which represent 3.9% of the issued shares of the Company, on the open market of the JSE (“Repurchase”). The Repurchase was effected in accordance with the general authority approved by York shareholders at the annual general meeting held on Wednesday, 4 November 2015 to repurchase up to 10% of the Company’s issued shares (“General Authority”). The Repurchase was funded from available cash resources. 2. INFORMATION PERTAINING TO THE REPURCHASE Dates of repurchases of securities: Between 12 May 2015 and 8 June 2016 Highest price paid per Share: 300c per share Lowest price paid per Share: 234c per share Number of Shares repurchased: 13 072 289 Value of Shares repurchased: R34 826 056 The number of Shares which may still be 20 051 771 repurchased by the Company in terms of the General Authority: The percentage of Shares which may still be 6.1% repurchased by the Company in terms of the General Authority: Total shares in issue as at the date of this 331 240 597 announcement: 3. OPINION OF THE DIRECTORS The directors of York confirm that, after considering the effect of the Repurchase, for a period of 12 months after the date of this announcement: - York and its subsidiaries the (“Group”) will be able in the ordinary course of business to pay its debts; - the assets of York and the Group will be in excess of the liabilities of York and the Group; - the share capital and reserves of York and the Group will be adequate for ordinary business purposes; - the working capital of York and the Group will be adequate for ordinary business purposes; and - the Company has satisfied the solvency and liquidity tests as set out in the Companies Act No.71 of 2008 prior to implementing the Repurchase. The directors of York further confirm that paragraph 5.72(a) of the Listings Requirements has been complied with. 4. IMPACT OF THE REPURCHASE ON THE FINANCIAL INFORMATION The impact of the Repurchase on the company’s financial position is limited to a reduction in cash of R34 826 056 and an increase in treasury shares to 13 072 289 ordinary shares. There will be no impact on the issued share capital. Sabie, Mpumalanga 9 June 2016 Sponsor One Capital Date: 09/06/2016 01:45:00 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.