AFRICAN MEDIA/MONEYWEB/COGNITION - Joint Cautionary Announcement AFRICAN MEDIA ENTERTAINMENT LIMITED Incorporated in the Republic of South Africa (Registration number 1926/008797/06) Share Code: AME ISIN ZAE000014106 ("AME") COGNITION HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1997/010640/06) Share Code: CGN ISIN ZAE000197042 ("Cognition") MONEYWEB HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/025067/06) Share Code: MNY ISIN ZAE000025409 ("Moneyweb") (AME, Cognition and Moneyweb jointly "the companies") JOINT CAUTIONARY ANNOUNCEMENT Shareholders of the companies are advised that AME has lodged non-binding expressions of interest to acquire all of the ordinary shares of Cognition and/or Moneyweb with the respective boards of directors. Whilst the expressions of interest do not at present constitute an intention to make a firm offer or offers in terms of the Companies Act, 2008 (Act 71 of 2008), shareholders of the companies are urged to exercise caution in dealing in their shares in the companies until such time as further announcements in this regard are made. By order of the boards Johannesburg 1 December 2016 Sponsor to AME and Designated Sponsor and Corporate Advisor Advisor to Moneyweb to Cognition ARBOR CAPITAL Merchantec Capital Date: 01/12/2016 05:10:00 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.