Finalisation Announcement BEIGE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/006871/06) (“Beige” or “the Group”) ISIN Code: ZAE 000034161 Share code: BEG FINALISATION ANNOUNCEMENT Beige shareholders are referred to the announcement released on SENS on Wednesday, 24 August 2016 and in the press on Thursday, 25 August 2016 wherein they were advised that the special and ordinary resolutions put forward at the Scheme Meeting were approved by the requisite majority of shareholders present and represented by proxy and eligible to vote. Shareholders are advised that no Shareholders have exercised their rights in terms of section 115 of the Companies Act, and that all conditions precedent as detailed in the Circular have been fulfilled. The Scheme of Arrangement will therefore proceed at an offer price of 3 cents per share. The Scheme of Arrangement will proceed according to the following salient dates and times: 2016 Scheme LDT, being the last day to trade Beige Shares on the JSE in order to be recorded in the Register to receive the Scheme Consideration, on Tuesday, 20 September Suspension of listing of Beige Shares on the JSE expected to take place at the commencement of trade on Wednesday, 21 September Expected Scheme Consideration Record Date, being the date on which Scheme Participants must be recorded in the Register to receive the Scheme Consideration, by close of trade on Friday, 23 September Expected Implementation Date of the Scheme Monday, 26 September Expected payment and delivery of Scheme Consideration Monday, 26 September Expected termination of listing of Beige Shares at commencement of trade on the JSE Tuesday, 27 September Johannesburg 12 September 2016 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 12/09/2016 08:00:00 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.