Declaration of Interim Divided CULLINAN HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1902/001808/06) Share Code: CUL ISIN: ZAE000013710 Share code: CULP ISIN: ZAE000001947 (“the company”) DECLARATION OF INTERIM DIVIDEND The Board is pleased to announce the declaration of an interim dividend (dividend number 139) of 1 cent per ordinary share in respect of the six months ended 31 March 2017. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed: - the dividend has been declared out of income reserves; - local dividends tax rate is 20%; - Cullinan has 803 338 385 shares in issue; - the gross local dividend amount is 1 cent per ordinary share; - the net dividend amount is 1 cent less 20% per share for shareholders liable for dividends tax (0.8 cents per share); and - Cullinan’s income tax reference number is 9130 002 60 4 The salient dates for the dividend will be as follows: Last day to trade cum dividend Tuesday, 27 June 2017 Shares trade ex-dividend Wednesday, 28 June 2017 Record date Friday, 30 June 2017 Payment date Monday, 3 July 2017 Share certificates may not be dematerialized or rematerialized between, Wednesday, 28 June 2017 and Friday, 30 June 2017, both days inclusive. By order of the board. Johannesburg 06 June 2017 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 06/06/2017 05:36:00 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.