Increase of authorised and issued share capital, conversion to no par value shares and completion of transaction Tradehold Limited (Incorporated in the Republic of South Africa) (Registration number 1970/009054/06) JSE code: TDH ISIN: ZAE000152658 (“Tradehold” or the “Company”) INCREASE OF AUTHORISED AND ISSUED SHARE CAPITAL, CONVERSION TO NO PAR VALUE SHARES AND COMPLETION OF TRANSACTION 1 INTRODUCTION Shareholders are referred to the announcements released on the Securities Exchange News Service of JSE Limited on 23 November 2016 and the Circular posted to shareholders on the same day together with the further announcements released on 22 December 2016 and 29 December 2016 respectively. Defined terms used but not defined in this announcement have the meaning set out in the Circular. Following the fulfilment of all of the conditions precedent Tradehold has completed the: * the Specific Issue of 7 414 761 Tradehold ordinary shares to the Imbali 21 Subscribers; * the acquisition of the Portfolio; * the conversion of all N Preference Shares with a par value of 1 cent each into N Preference Shares of no par value; * an increase in the authorised N Preference Share capital of Tradehold to 131 750 000 N Preference Shares; * the conversion of all Tradehold Ordinary Shares with a par value of 1 cent each into Tradehold Ordinary Shares of no par value; * an increase in the authorised Tradehold Ordinary Share capital to 310 000 000 Tradehold Ordinary Shares; and * the amendment of Tradehold’s Memorandum of Incorporation. Consequently, following the Specific Issue and the issue of Tradehold Ordinary Shares in part payment of the Purchase Consideration, the Company’s issued share capital has increased to 247 092 926. Cape Town 20 February 2017 Corporate Advisor Mettle Corporate Finance Proprietary Limited Legal adviser Cliffe Dekker Hofmeyr Inc. JSE sponsor Bravura Capital Proprietary Limited Date: 20/02/2017 03:30:00 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.