Results of Cash Dividend and the Scrip Distribution Alternative SANTOVA LIMITED ("Santova" or "the Company") Registration number: 1998/018118/06 Share code: SNV ISIN: ZAE000159711 RESULTS OF CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE Shareholders are referred to the dividend announcement for the year ended 28 February 2017, published on SENS on 18 May 2017 in which a Cash Dividend with the option to elect to receive a Scrip Distribution Alternative was declared. Shareholders representing 38.76% or 61,438,392 of the total ordinary shares currently in issue elected to receive the Scrip Distribution Alternative, as a result 1,211,549 new scrip distribution shares are to be issued, representing approximately 0.76% of the current issued ordinary share capital of the Company, with the balance of Shareholders receiving the Cash Dividend of 6.25 cents per share, totaling R6,066,194. The maximum number of 3,120,640 ordinary shares that could have been elected by Shareholders to be received as part of the Scrip Distribution Alternative were provisionally listed on Wednesday, 28 June 2017, and accordingly 1,909,091 ordinary shares will be delisted on or about Wednesday, 5 July 2017. Ordinary share certificates are to be posted today, Monday, 3 July 2017, and electronic funds transfers, CSDP or broker accounts will likewise be credited/updated today. 3 July 2017 Durban Sponsor and Corporate Advisor River Group Date: 03/07/2017 04:15:00 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.