Change Of Capacity Of Director Tiso Blackstar Group SE (Incorporated in England and Wales) (Company number SE 110) (registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) LSE Ticker: TBGR JSE Share code: TBG ISIN: GB00BF37LF46 (“Tiso Blackstar” or the “Company”) 18 July 2017 CHANGE OF CAPACITY OF DIRECTOR In accordance with rules 3.59 and 3.84 (c) of the Listings Requirements of the JSE Limited (“JSE”), shareholders are hereby advised of the following change to the capacity of a director of Tiso Blackstar: The capacity of Mr Andrew David Bonamour (“Andrew”) has changed from non-executive director to chief executive officer (“CEO”) with effect from 17, July 2017. The board is pleased to announce this appointment which has culminated as a result of the Company’s change in status from an Investment Entity to a consolidated group, its migration to the UK and in light of the fact that Andrew is the CEO of the Company’s investment advisor Tiso Blackstar SA Proprietary Limited as well as CEO of the Group’s core business Tiso Blackstar Group Proprietary Limited (previously Times Media Proprietary Limited) Andrew is the founder of Blackstar (now named Tiso Blackstar). Andrew previously worked at Brait SA Limited (“Brait”) where he held positions in investment banking, principal investment divisions and corporate finance. At Brait, Andrew originated and played a lead role in a variety of transactions ranging from leveraged buyouts, mergers and acquisitions, capital replacements and restructurings. Andrew has an in-depth knowledge of, and experience in, corporate finance, private equity and investment banking. Andrew holds a Bachelor of Commerce degree. The board of Tiso Blackstar welcome the appointment of Andrew as CEO of the holding company and looks forward to his continued valued contribution. For further information, please contact: Tiso Blackstar Group SE Leanna Isaac +44 (0) 20 7887 6017 Northland Capital Partners Limited Tom Price/Margarita +44 (0) 20 3861 6625 Mitropoulou JSE Sponsor: PSG Capital Proprietary David Tosi +27 (0) 21 887 9602 Limited Date: 18/07/2017 12:30:00 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.