Posting of Combined Offer Circular, Salient Dates & times in Respect Of The Manadatory Offer To Finbond Shareholders Finbond Group Limited Riskowitz Value Fund LP (Incorporated in the Republic of (Formed in the State of Delaware South Africa) in the United States of America) (Registration number (Registration number 4797702) 2001/015761/06) (“RVF” or “the Offeror”) (JSE share code: FGL) (ISIN: ZAE ZAE000138095) (“Finbond” or “the Company”) POSTING OF COMBINED OFFER CIRCULAR AND SALIENT DATES AND TIMES IN RESPECT OF THE MANADATORY OFFER TO FINBOND SHAREHOLDERS BY RVF 1. INTRODUCTION Shareholders of Finbond (Finbond Shareholders) are referred to the firm intention announcement released by Finbond on the stock exchange news service of the JSE Limited (SENS) on 26 May 2017, regarding the mandatory offer required to be made to all Finbond Shareholders by RVF. Shareholders are advised that the combined offer circular dated 29 June 2017, containing full details of the mandatory offer made to Finbond Shareholders by RVF and incorporating the Finbond independent board’s opinion on such mandatory offer (the “Combined Offer Circular”) has been distributed to Finbond Shareholders. Copies of the Combined Offer Circular will be made available for inspection during normal office hours at the registered office of Finbond, from today, 29 June 2017 to Friday, 18 August 2017 and the Combined Offer Circular is also available on the company’s website: www.finbondlimited.co.za. 2. IMPORTANT DATES AND TIMES The important dates and times relating to the mandatory offer are set out in the timetable below. Words and expressions in the timetable and notes thereto shall have the same meaning as assigned to them in the Combined Offer Circular 2017 Record date to be entitled to receive this Circular on Thursday, 15 June Circular posted to Shareholders and announced on SENS on Thursday, 29 June Opening Date for acceptance at 09:00 on Friday, 30 June Last Day to Trade in Finbond Shares in order to accept Tuesday, 15 August the Offer on Finbond Shares trade ex the entitlement to accept the Wednesday, 16 August Offer on Record date on Friday, 18 August Receipt of acceptances and closing of Offer by 12:00 on Friday, 18 August Payment date on Monday, 21 August Results of the Offer announcement released on SENS and Monday, 21 August settlement of Offer on Results of the Offer announced in the press on Tuesday, 22 August Notes: 1. All dates and times are local dates and times in South Africa. 2. The above dates and times are subject to amendment at the discretion of the Offeror, subject to prior written approval from the TRP being obtained. Any such amendment will be released on SENS and published in the press. 3. No dematerialisation or rematerialisation of Offer Shares will take place between Wednesday, 16 August 2017 and Friday, 18 August 2017, both days included. 4. Offeree Shareholders should note that acceptance of the Offer is irrevocable. 5. Payment of the Offer Consideration to Certificated Offeree Shareholders will be made within 6 (six) Business Days of the later of the Offer becoming unconditional or the date on which the Offeror receives a Certificated Offeree Shareholder’s Form of Acceptance, Surrender and Transfer together with the relevant Documents of Title. Payment of the Offer Consideration to Dematerialised Offeree Shareholders will be made within six Business Days of the later of the Offer becoming unconditional or the date on which the CSDPs or Brokers of such Dematerialised Offeree Shareholder notify the Transfer Secretaries of the acceptance of the Offer. Johannesburg 29 June 2017 Sponsor to Finbond Grindrod Bank Limited Date: 29/06/2017 03:59:00 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.