Fulfilment of Outstanding Condition Precedent and Finalisation Announcement MASTER PLASTICS LIMITED Incorporated in the Republic of South Africa (Registration number 2016/323930/06) Share code: MAS ISIN: ZAE000242921 (“Master Plastics” or “the Company”) FULFILMENT OF OUTSTANDING CONDITION PRECEDENT AND FINALISATION ANNOUNCEMENT Astrapak shareholders are referred to the Pre-listing Statement to shareholders dated 5 May 2017 and the Abridged Pre-listing Statement released on SENS on 5 May 2017 regarding the Unbundling and Listing of Master Plastics. Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement. Astrapak shareholders are advised that, as all resolutions proposed at the General Meeting of Astrapak Shareholders, the Ordinary Share Scheme Meeting and the Preference Share Scheme Meeting, held on 12 May 2017 have been duly passed, all outstanding conditions precedent to the Unbundling and Listing of Master Plastics have now been fulfilled. Accordingly, Astrapak shareholders are advised of the salient dates which were set out in the Pre-listing Statement: 2017 Last day to trade for Astrapak Shareholders to be entitled to participate in the Unbundling Tuesday, 23 May Listing of Master Plastics shares on the JSE under the JSE Code MAP and ISIN ZAE000242921 expected from commencement of trade at 09:00 on Wednesday, 24 May Astrapak Ordinary shares commence trading “ex” their entitlement to Master Plastics shares on Wednesday, 24 May Unbundling Record Date Friday, 26 May Accounts at CSDPs/Brokers updated on Monday, 29 May General Meeting of Master Plastics Shareholders on Wednesday, 7 June Johannesburg 12 May 2017 Corporate Adviser and Transaction Sponsor to Master Plastics Merchantec Capital Date: 12/05/2017 05:16:00 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.