BIBID - Programme Memorandum Amendment and Restatement Bidvestco Limited (Incorporated in the Republic of South Africa) (Registration No. 1966/011512/06) Company code: BIBID (“Bidvestco” or the “Issuer”) PROGRAMME MEMORANDUM AMENDMENT AND RESTATEMENT Bidvestco Limited established a ZAR4,5 billion Domestic Medium Term Note and Commercial Paper Programme (the “Programme”) pursuant to a programme memorandum dated 2 August 2007 which was updated on 13 September 2012 (the “Previous Programme Memorandum”) and pursuant to which the maximum aggregate nominal amount of all notes outstanding under the Programme from time to time was increased to ZAR9 billion. The Issuer hereby notifies you that it has, with effect from 13 June 2017, updated the Previous Programme Memorandum (by way of amendment and restatement of the Previous Programme Memorandum) (the “Amended and Restated Programme Memorandum”). The Amended and Restated Programme Memorandum supersedes and replaces in all respects the Previous Programme Memorandum. Changes made to the Terms and Conditions of the Notes issued under the Previous Programme Memorandum are of a formal, minor or technical nature or have been made to comply with mandatory provisions of law. Bidvestco has received approval from the JSE Limited (“JSE”) for its Amended and Restated Programme Memorandum. The Amended and Restated Programme Memorandum is available for inspection at the registered office of the Issuer and can also be accessed on their website at http://www.bidvest.co.za/investor_dmtn_and_cp.html. The Amended and Restated Programme Memorandum will also be available for inspection on the JSE website, www.jse.co.za. 20 June 2017 Transactional Debt Sponsor Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 20/06/2017 11:32:00 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.