Mandatory Offer to Esor Shareholders by Geomer becomes Unconditional ESOR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/000732/06) JSE code: ESR ISIN: ZAE000184669 (“Esor”) Mandatory Offer to Esor Shareholders by Geomer Becomes Unconditional Shareholders are referred to the firm intention announcement released on SENS on 21 October 2016 relating to the offer to be made by Geomer Investments Proprietary Limited (“Geomer Investments”) to acquire all of the shares in Esor that it does not already own (“Mandatory Offer”). Approval from the Competition Authorities has been obtained hence shareholders are now advised that the Mandatory Offer is unconditional as to acceptances. Shareholders are further referred to the SENS announcement released on 10 November 2016 (“Salient Dates Announcement”) relating to, amongst other things, the salient dates and times of the Mandatory Offer and are advised that the salient dates and times as contained in the Salient Dates Announcement remain unchanged and are confirmed below: 2016 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 Germiston 18 November 2016 Corporate Advisor and Sponsor Vunani Corporate Finance Date: 18/11/2016 01:00:00 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.