Disclosure Of Acquisition And Disposal Of Securities Gaia Infrastructure Capital Limited (previously Gaia Capital Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number: 2015/115237/06) Share code: GAI ISIN: ZAE000210555 (“the Company”) Disclosure Of Acquisition And Disposal Of Securities In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and in accordance with paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notification, in the prescribed form, that: - Specialised Listed Infrastructure Equity En Commandite Partnership (“Specialised Infrastructure”), has acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Specialised Infrastructure amounts to 34.9% of the total issued securities of the Company; and - TriAlpha Specialised Investment Trust III (“TriAlpha”), has decreased its interest in the securities of the Company, such that the total interest in the securities of the Company held by TriAlpha amounts to 1.36% of the total issued securities of the Company. 05 October 2016 Cape Town Sponsor PSG Capital Proprietary Limited Date: 05/10/2016 05:00:00 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.