Acquisition of Governors’ Camp Group of companies (Kenya and Rwanda) – conclusion of conditions precedent Wilderness Holdings Limited (Registration number 2004/2986) (Registered as an external company in South Africa Registration number 2009/022894/10) ISIN: BW0000000868 Share code: WIL (“Wilderness” or “the Company” or “WHL”) ACQUISITION OF GOVERNORS’ CAMP GROUP OF COMPANIES (KENYA AND RWANDA) – CONCLUSION OF CONDITIONS PRECEDENT Further to the notice issued on 6 April 2016, the Board is pleased to announce that the previously stipulated conditions precedent in acquisition of Governors’ Camp Group of Companies have been successfully concluded as follows: 1. Wilderness Holdings has received confirmation from the Competition Authority of Kenya (CAK) that the proposed acquisition of Governors’ Camp Group Of Companies is excluded from the requirement to secure CAK approval; and 2. All due diligence processes have been satisfactorily completed, with no material issues raised. The successful completion of the conditions precedent enables Wilderness Holdings to fully acquire, without any further condition, Governors’ Camp Group of Companies. The Company’s primary listing is on the BSE and its secondary listing is on the JSE. By Order of the Board Gaborone, 8 July 2016 +267 392 6886 JSE Sponsor RAND MERCHANT BANK (A division of First Rand Bank Limited) Date: 08/07/2016 11:30:00 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.