Results of the Esor Rights Offer ESOR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/000732/06) JSE code: ESR ISIN: ZAE000184669 (“Esor”) RESULTS OF THE ESOR RIGHTS OFFER Shareholders are referred to the announcements released on SENS on Friday, 20 January 2017 (“Declaration Announcement”) and Thursday, 26 January 2017 (“Finalisation Announcement”) as well as the circular dated Thursday, 2 February 2017 in respect of a fully-underwritten renounceable rights offer of R37.54 million (“Rights Offer”) in terms of which Esor offered a total of 98 796 357 rights offer shares (“Rights Offer Shares”) at a price of 38 cents per Rights Offer Share in the ratio of 25 Rights Offer Shares for every 100 Esor shares held on the record date for the Rights Offer, being Friday, 3 February 2017. The Rights Offer closed on Friday, 17 February 2017 and was fully subscribed. 1. Results of the Rights Offer The results of the Rights Offer, is as follows: Number of Rand value % of Rights Rights Offer Offer Shares shares Total shares available for 98 796 357 R37 542 616 100.0% subscription in terms of the Rights Offer: Rights Offer Shares subscribed 63 132 603 R23 990 389 63.9% for: Rights Offer Shares taken up by 35 663 754 R13 552 227 36.1% the underwriter 2. Issue and payment for Rights Offer Shares The CSDP or broker accounts of holders of dematerialised Esor shares will be credited with Rights Offer Shares and debited with payments due on Monday, 20 February 2017. Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Esor shares on or about Monday, 20 February 2017, at their own risk. Germiston 20 February 2017 Sponsor and corporate advisor Vunani Corporate Finance Date: 20/02/2017 10:00:00 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.