Clarification announcement: proposed acquisition by Sun International of 50% of EDS’s equity interest in Sun Dreams SUN INTERNATIONAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1967/007528/06) Share code: SUI ISIN: ZAE000097580 ("Sun International" or “the Company”) CLARIFICATION ANNOUNCEMENT: PROPOSED ACQUISITION BY SUN INTERNATIONAL OF 50% OF EDS’s EQUITY INTEREST IN SUN DREAMS Shareholders are referred to the announcement released on the Stock Exchange News Service on 30 May 2017 (“Announcement”), regarding the proposed acquisition by the Company, through its subsidiary Sun Latam SpA, (“Sun Latam”), of 50% of the interest held by Entretenimientos Del Sur Limitada (“EDS”) in Sun Dreams Sociedad Anonima (“Sun Dreams”) ( the “proposed acquisition”). In order to supplement and clarify the Announcement, the following additional information is disclosed: NET ASSET VALUE OF AND PROFITS ATTRIBUTABLE TO SUN DREAMS The net asset value of Sun Dreams, as at 31 December 2016 amounted to R4.9 billion. For the year ended 31 December 2016, Sun Dreams reported profit after tax of R 239 million and adjusted headline earnings of R 76 million. Adjusted headline earnings reported in the reviewed condensed consolidated financial statements of Sun International for the year ended 31 December 2016 included the following: - reversal of deferred tax assets of R87 million (R47 million attributable to the group) of Ocean Sun Casino and Sun Nao Casino; - amortisation of R104 million of Dreams SA intangibles (R41 million after tax attributable to the group). As indicated in the Profit and Dividend announcement for the financial year ended 30 June 2016, the intangibles recognized on the Dreams SA purchase price allocation will be amortised with the amortisation charge being recognized as an adjusted headline earnings adjustment. Sandton 1 June 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 01/06/2017 05:30:00 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.