Change statement and notice of Annual General Meeting MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/017811/06) (Share code: MNK & ISIN: ZAE000197455) ("MNK", “Montauk” or "the Company") CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that Montauk’s integrated annual report, incorporating the audited annual financial statements for the year ended 31 March 2016, has been posted to shareholders and contains certain changes from the reviewed results which were published on SENS on 28 June 2016. These are: Year ended 31 March 2016 ($’000) Reviewed Property, plant and equipment 98 027 Intangible assets 32 789 Audited Property, plant and equipment 98 438 Intangible assets 32 378 Variance Property, plant and equipment 411 Intangible assets (411) Grant Thornton Johannesburg Partnership audited the annual financial statements of Montauk and their unqualified report is available for inspection at the registered offices of the Company. Shareholders are advised that the integrated annual report for the year ended 31 March 2016 is also available on the Company’s website (www.montauk.co.za). The integrated annual report contains a notice of Annual General Meeting for Montauk shareholders, which will be held at the registered offices of the Company, 5th Floor, 4 Stirling Street, Cape Town, 7925 on Tuesday, 1 November 2016 at 14:00. Cape Town 30 September 2016 Sponsor: Investec Bank Limited Date: 30/09/2016 02:00:00 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.