Disposal of securities By PSG and acquisition of securities by Coronation Group Five Limited (Registration number: 1969/000032/06) (Incorporated in the Republic of South Africa) Share Code: GRF ISIN Code: ZAE000027405 (“the Company”) DISPOSAL OF SECURITIES BY PSG ASSET MANAGEMENT PROPRIETARY LIMITED (“PSG”) In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification that PSG has, in aggregate, disposed all of its interest in the ordinary shares of the Company, such that the total interest in the ordinary shares held by PSG now amounts to 0% of the total issued ordinary shares of the Company. ACQUISITION OF SECURITIES BY CLIENTS OF CORONATION ASSET MANAGEMENT PROPRIETARY LIMITED (“CORONATION”) In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification that clients of Coronation have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares held by Coronation’s clients now amounts to 14.49% of the total issued ordinary shares of the Company. Johannesburg 12 May 2017 Sponsor Nedbank Corporate and Investment Banking Date: 12/05/2017 10:46:00 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.