Extension of Time for Posting of Mosegedi Circular VISUAL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/030975/06) (“the Company” or “Visual”) ISIN Code: ZAE000187407 Share code: VIS EXTENSION OF TIME FOR POSTING OF MOSEGEDI CIRCULAR Shareholders are referred to the announcement released on SENS on 1 March 2017 in which they were advised that Visual reached an agreement with the shareholders of Mosegedi & Associates Proprietary Limited (“Mosegedi”) for the acquisition of 50.1% of the issued share capital of Mosegedi in two phases and approval of an option by way of specific authority to issue shares for cash. Phase two of the Mosegedi acquisition is a Category 1 transaction and requires shareholder approval. The Mosegedi audit is taking longer than expected and though good progress has been made, the audit will not be completed in time due to inter alia, conversion to International Financial Reporting Standards. As a result, the draft financials will not be completed in time to meet the futher extension previously granted by the JSE. Draft financials are expected during July 2017, as such the circular will not be completed and distributed to shareholders within the extended time frames previously granted by the JSE. Visual shareholders are therefore advised that the JSE has accordingly granted the Company a further extension to 31 July 2017 to post the required circular. Cape Town 11 July 2017 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 11/07/2017 03:00:00 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.