Disposal of properties EXTRACT GROUP LIMITED (previously Eqstra Holdings Limited) (Incorporated in the Republic of South Africa) (Registration number 1998/011672/06) JSE share code: EXG ISIN: ZAE000223202 (“eXtract” or “the Company”) DISPOSAL OF PROPERTIES 1. INTRODUCTION eXtract shareholders are advised that MCC Contracts Proprietary Limited (“MCC”), a wholly-owned subsidiary of eXtract, has reach agreement to dispose of the immovable properties situate at 60 Rodio Place, Midrand Industrial Park, Gauteng to Sandton Plant Hire East Proprietary Limited (“Sandton Plant”) for an aggregate consideration of R52 million (the “Sandton Plant transaction”). 2. RATIONALE The Sandton Plant transaction forms part of eXtract’s strategy to dispose of all excess assets, as more fully detailed in the announcement released on SENS on 18 April 2017. The proceeds of the Sandton Plant transaction will be used to repay a portion of eXtract’s South African bank debt. 3. TERMS OF THE SANDTON PLANT TRANSACTION Sandton Plant has entered into two agreements with MCC to acquire the immovable properties situate at 60 Rodio Place, Midrand Industrial Park, Gauteng together with all furniture and equipment situated at the immovable properties, for an aggregate consideration of R52 million (the “purchase price”) with effect from the date of registration of transfer of the immovable properties into Sandton Plant’s name (the “transfer date”). The purchase price is payable in cash on the transfer date. The Sandton Plant transaction remains conditional upon eXtract shareholder approval. eXtract shall remain in occupation of a portion of property for two years from the transfer date for a nominal rental and shall be liable for all expenses directly related to its use thereof. The agreements in respect of the Sandton Plant transaction contain undertakings, warranties and indemnities which are normal for a transaction of this nature. 4. CATEGORISATION OF THE SANDTON PLANT TRANSACTION The Sandton Plant transaction is categorised as a category 1 transaction in terms of the JSE Listings Requirements for eXtract and accordingly requires shareholder approval. The Sandton Plant transaction forms part of the excess asset disposal, which is classified as a category 1 transaction in terms of the JSE Listings Requirements. A circular detailing the terms of the excess asset disposal, including the disposal, and incorporating a notice convening a general meeting of eXtract shareholders will be posted to eXtract shareholders in due course. 5. FINANCIAL INFORMATION AND FURTHER CAUTIONARY Shareholders are advised that a further announcement setting out the financial information pertaining to the excess asset disposal, including the disposal, will be released on SENS in due course. Shareholders are advised to continue to exercise caution when dealing in the securities of eXtract until such further announcements are made. 9 June 2017 Sponsor Java Capital Date: 09/06/2017 04:45:00 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.