Posting of Circular and Salient Dates and Times in Respect of the Mandatory Offer to Esor Shareholders by Geomer ESOR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/000732/06) JSE code: ESR ISIN: ZAE000184669 (“Esor” or “the company”) Posting of Circular and Salient Dates and Times in Respect of the Mandatory Offer to Esor Shareholders by Geomer 1. Introduction Shareholders are referred to the firm intention announcement released on the Stock Exchange News Service of JSE Limited on Friday, 21 October 2016 regarding a mandatory offer required to be made to all Esor shareholders by Geomer Investments Proprietary Limited (“Geomer”). Shareholders are advised that a joint circular dated 10 November 2016 containing full details of the mandatory offer made to Esor shareholders by Geomer and incorporating the Esor independent board’s opinion on such mandatory offer (the “Mandatory Offer Circular”) has been posted to Esor shareholders. Copies of the Mandatory Offer Circular will be made available for inspection during normal business hours at the registered office of Esor and the office of Vunani Capital Proprietary Limited, being the corporate advisor and sponsor to Esor, from 10 November 2016 to 23 December 2016 and is also available on the company’s website:www.esor.co.za. 2. Important Dates and Times The important dates and times relating to the mandatory offer are set out in the timetable below. Words and expressions in the timetable and notes thereto shall have the same meaning as assigned to them in the Mandatory Offer Circular. 2016 Circular posted to Esor Shareholders Thursday,10 November Mandatory Offer opens at 09:00 on Thursday,10 November Finalisation announcement released on SENS by no later Thursday,08 December than 11:00 on Last day to trade in Esor Shares in order to be eligible Tuesday, 20 December to accept the Mandatory Offer on Esor Shares trade ex the Mandatory Offer on Wednesday, 21 December Mandatory Offer Record Date on Friday,23 December Mandatory Offer closes at 12:00 on Friday,23 December Offer Consideration discharged to Offer Participants Wednesday, 28 December (once Documents of Title have been received) Results of the Mandatory Offer Announced on SENS on Wednesday, 28 December Results of the Mandatory Offer to be published in the Thursday, 29 December press on Notes: 1. The above dates and times are subject to amendment at the discretion of the Offeror, subject to prior written approval from the TRP being obtained. Any such amendment will be released on SENS and published in the press. 2. The Mandatory Offer is subject to a number of conditions precedent including the need potentially for approval from the Competition Authorities. The process and the potential impact such approval may have on the Closing Date of the Mandatory Offer is set out in paragraph 5 of the Mandatory Offer Circular. 3. Certificated Esor Shareholders are required to indicate their acceptance of the offer in accordance with the instructions contained in the Mandatory Offer Document, to be received by Esor’s Transfer Secretaries by no later than 12:00 on the Closing Date. 4. Esor Shareholders whose Esor Shares are held by their CSDPs or Brokers as nominee are required to notify their duly appointed CSDP or Broker timeously of their intention to accept the Mandatory Offer in the manner and time stipulated in the custody agreement governing the relationship between the Esor Shareholder and the CSDP or Broker. 5. In the case of Certificated Esor Shareholders who have accepted the Mandatory Offer and who have surrendered their Documents of Title, payment of the Offer Consideration will be made by cheque or deposited directly into each such Esor Shareholder’s bank account, whichever a Esor Shareholder may instruct, at the risk of the Esor Shareholder concerned. 6. In the case of Esor Shareholders whose Esor Shares are held by their CSDPs or Brokers as nominee, payment of the Offer Consideration will be made by crediting their accounts at the CSDP or Broker, as the case may be, in accordance with the custody agreement governing the relationship between the Esor Shareholder and the CSDP or Broker concerned. 7. All dates and times indicated above are South African dates and times. Germiston 10 November 2016 Corporate Advisor and Sponsor Vunani Corporate Finance Date: 10/11/2016 07:05:00 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.