Change to the Board of Directors 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 (“Gaia”) CHANGE TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Ms Sisanda Tuku has been appointed as an independent non-executive director to the board of Gaia with immediate effect. Ms Tuku is a qualified Chartered Accountant (SA) with a BCom degree in Accounting and Statistics from the University of Cape Town and a BCom Honours degree in Accounting from the University of Natal. Ms Tuku is currently an executive director at Basis Points Capital Proprietary Limited (“Basis Points Capital”) heading up the financial advisory team. She has over ten years’ experience in financial services with a specific focus on structured finance, financial advisory, capital raising, corporate finance, infrastructure and Public Private Partnerships advisory. She recently completed a leadership programme with Harvard Business School and Insead. Prior to joining Basis Points Capital, Ms Tuku was a financial consultant at Investec Bank Limited. The chairman and the board wish to welcome Ms Tuku and look forward to her contributions. 21 November 2016 Cape Town Sponsor PSG Capital Proprietary Limited Date: 21/11/2016 02:30:00 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.