Dealings in Securities by a Director of a Major Subsidiary and Disclosure of Acquisition of Securities Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND DISCLOSURE OF ACQUISITION OF SECURITIES As required by paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited (“the Listings Requirements”), the following information is disclosed: Name of director: Eduard Philipp Liechti (a director of Insimbi Alloy Supplies Proprietary Limited, a major subsidiary of the Company) Date of transaction: 4 July 2017 Price per share: 105 cents Number of shares: 3 000 000 Total value: R 3 150 000 Class of securities: Ordinary shares Nature of transaction: Sale (On market transaction) Nature of interest: Direct Beneficial Clearance to deal obtained: Yes Name of director: Pieter Jacobus Schutte (a director of Insimbi Alloy Supplies Proprietary Limited, a major subsidiary of the Company) Date of transaction: 4 July 2017 Price per share: 105 cents Number of shares: 3 000 000 Total value: R 3 150 000 Class of securities: Ordinary shares Nature of transaction: Sale (Off market transaction) Nature of interest: Direct Beneficial Clearance to deal obtained: Yes Name of director: Colin Francis Botha (a director of Insimbi Alloy Supplies Proprietary Limited, a major subsidiary of the Company) Date of transaction: 4 July 2017 Price per share: 105 cents Number of shares: 4 000 000 Total value: R 4 200 000 Class of securities: Ordinary shares Nature of transaction: Sale (Off market transaction) Nature of interest: Direct Beneficial Clearance to deal obtained: Yes It is further noted that in accordance with section 122(3)(b) of the Companies Act No.71 of 2008 as amended and paragraph 3.83(b) of the Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that Pruta Securities (Jersey) Limited, which previously held 20 300 000 shares (or 4,95% of the total issued share capital of the Company) have increased their shareholding and now hold 26 200 0000 shares (or 6,39% of the total issued share capital of the Company). Johannesburg 6 July 2017 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 06/07/2017 01:15:00 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.