Dealings by an Associate of a Director VISUAL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/030975/06) (“the Company” or “Visual”) ISIN Code: ZAE000187407 Share code: VIS DEALINGS BY AN ASSOCIATE OF A DIRECTOR Shareholders are referred to the separate announcement made on 14 October 2016 regarding the granting of an option to Tokoza Cape Flowers Proprietary Limited (“Tokoza”) to subscribe for Visual ordinary shares, subject to shareholder approval. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the Johannesburg Stock Exchange, the following is disclosed: Director: CT Vorster Company: Visual Date of transaction: Option approved by the board on 13 October 2016, subject to shareholder approval Nature of transaction: American option to subscribe for Visual shares in whole or in part Class of securities: Option in respect of ordinary shares Number of options: 25 000 000 Option price: R0.15 Total value of transaction: R3 750 000 Period: Within one year after the repayment of a loan from Tokoza Nature interest Indirect beneficial Extent of interest 11.2% (based on existing issued share capital) On-market or off-market: Off-market Clearance obtained: Not applicable Johannesburg 14 October 2016 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 14/10/2016 03:19:00 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.