Dividend declaration and final redemption announcement MACQUARIE SECURITIES SOUTH AFRICA LIMITED Incorporated in the Republic of South Africa Registration number 2006/023546/06 Share Code: MAQP1 ISIN Code: ZAE000174629 (“Macquarie”) or (“the Company”) DIVIDEND DECLARATION AND FINAL REDEMPTION ANNOUNCEMENT Holders of Tranche 1 of Class “C1” Equity Linked Floating Rate “C” Preference Shares (“C1” Preference Shares”) are advised that a gross Scheduled “C” Preference Dividend of 87.06849 Rand per “C1” Preference Share for the period between 31 October 2016 and 28 November 2016 has been declared payable to “C1” Preference Shareholders in terms of the Applicable Pricing Supplement dated 20 December 2012 (the ““C1” Preference Shares APS”). The Scheduled “C” Preference Dividend has been declared out of profits and is subject to dividend withholding tax at a rate of 15%. A net Scheduled “C” Preference Dividend of 74.00822 Rand per “C1” Preference Share will be distributed to those holders of “C1” Preference Shares who are not exempt from paying dividends tax. Holders are also advised that the Final Redemption Date of the “C1” Preference Shares will be 28 November 2016. The Final Redemption Amount in respect of each “C1” Preference Share will be determined according to the formula contained in the terms and conditions of the “C1” Preference Shares set out in the “C1” Preference Shares APS. The number of Class “C1” Equity Linked Floating Rate “C” Preference Shares in issue remains unchanged from 12,500 as at the Issue Date. Macquarie’s tax reference number is 9395/8721/54. The salient dates relating to the payment of the Scheduled “C” Preference Dividend and the Final Redemption are as follows: Last date to trade cum dividend Tuesday, 22 November 2016 Ex-dividend date Wednesday, 23 November 2016 Suspension date Wednesday, 23 November 2016 Record date Friday, 25 November 2016 Dividend payment date Monday, 28 November 2016 Final redemption amount announcement before 11:00 Monday, 28 November 2016 Final redemption amount payment: Tuesday, 29 November 2016 Termination date Wednesday, 30 November 2016 In accordance with the requirements of Strate Proprietary Limited, no share certificates may be dematerialised or rematerialised between Wednesday, 23 November 2016 and Friday, 25 November 2016 both days inclusive. Cape Town 1 November 2016 Debt Sponsor The Standard Bank of South Africa Limited Date: 01/11/2016 05:03:00 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.