Renewal of Cautionary Announcement Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement made on 22 June 2016 where it was advised that the Company had entered into a memorandum of understanding (“MOU”) between Insimbi and the shareholders of the Amalgamated Metals Recycling Proprietary Limited, Amalgamated Metals Recycling SA Proprietary Limited, Amalgamated Metals West Rand Proprietary Limited (the “AMR Group”) and the properties from which the AMR Group operates (the “AMR Acquisition”). The AMR Acquisition will further diversify Insimbi’s product offering, customer base and therefore, revenue streams. Shareholders are notified that following the conclusion of the MOU, the board of directors of the Company have formally approved the AMR Acquisition subject to certain suspensive conditions, the full terms and details of the categorisation of the AMR Acquisition, inter alia, will be published in due course upon finalisation of the requisite legal agreements for the AMR acquisition. A competition commission application is expected to be submitted during August 2016. Consequently, negotiations are still on-going which if successfully concluded may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement is made. 26 July 2016 Johannesburg Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited Date: 26/07/2016 10:13:00 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.